Federal Student Loan Repayment Options

You have a choice of federal student loan repayment options, depending on the type of loan you have. We recommend that borrowers consult with their lenders to find out every option available for loan repayment. Very often borrowers may not be aware of the different repayment options and plans available to them.

Consider Federal Student Consolidation

Consider federal student loan consolidation, which can help to ease the repayment of the loan. Consolidation can stretch the repayment term from 10 years to a maximum of 30 years, making the monthly impact on your cash flow much lower.

Apply for a Federal Consolidation Loan

Federal Stafford and Parent PLUS Repayment Plans

Federal Stafford Loans and Federal Parent PLUS loans offer very similar types of repayment plans. Plans are designed to help the borrower make regular monthly payments and avoid going into default.

Standard repayment

This option requires you to pay a fixed amount each month based on your principle and interest but will be no less than $50 or the interest that has accrued.

Graduated repayment

Graduated repayment allows you to make lower payments at the beginning of repayment then, over time, your payments begin to increase. Each of your payments must equal the interest accrued on the loan between scheduled payments and initial payments general cover interest only for the first few years.

Income-based repayment

Monthly loan payments are based on a percentage of the borrower's monthly gross income. StaffordLoan.com offers an income-sensitive repayment plan.

Extended Repayment

Extended Repayment provides eligible Federal Stafford, Federal PLUS and Alternative loan/Federal Consolidation loan borrowers with payment relief through a lengthened repayment term of up to 25 years.

Serialization and consolidation

With serialization, the loan holder purchases your loans held by other institutions and services them in one account. You make one monthly payment but retain the original terms and interest rate. With our consolidation program, the borrower may refinance multiple loans. The original loans are paid in full and a new loan for the combined balance is originated, for a new term, often at a new interest rate.

Again, Consider Federal Student Consolidation

Consolidating your student loans can help to ease the repayment of the loan. Consolidation can stretch the repayment term from 10 years to a maximum of 30 years, making the monthly impact on your cash flow much lower. Click here to Consolidate your College Student Loans - A Federal Consolidation Loan Program Offer by the Student Loan Network

Apply for a Federal Consolidation Loan