The Standard Repayment plan is the basic repayment plan for student loan borrowers to repay loans made under the Federal Direct Loan Program and the Federal Family Education Loan Program. A student loan borrower receives a 6-month grace period … [Read more...] about Standard Repayment Plan
Student Loan Repayment Plans
Extended Repayment Plan
The Extended Repayment Plan is a student loan repayment plan that is offered to student loan borrowers through the Department of Education. The Extended Repayment Plan assists borrowers that can’t afford a Standard Repayment Plan by giving them a … [Read more...] about Extended Repayment Plan
Revised Pay As You Earn Repayment Plan
The Department of Education offers a variety of student loan repayment plans that assist student loan borrowers with their unique financial situation. These repayment plans originated from the passing of the Health Care and Education Reconciliation … [Read more...] about Revised Pay As You Earn Repayment Plan
Graduate Student Loans: A Practical Guide to Understanding Your Financial Commitment
Knowledge is power. Unfortunately, the right knowledge usually costs quite a bit. In fact, the average cost in the U.S. for a master's degree is between $30,000 and $120,000. Fortunately, student loans exist to help you cover the cost of … [Read more...] about Graduate Student Loans: A Practical Guide to Understanding Your Financial Commitment
Pay As You Earn Repayment Plan
The Department of Education offers a variety of student loan repayment plans that assist student loan borrowers with their unique financial situation. These repayment plans originated from the passing of the Health Care and Education Reconciliation … [Read more...] about Pay As You Earn Repayment Plan
Income Contingent Repayment Plan
An Income Contingent Repayment Plan (ICR) is a repayment plan that can help student loan borrowers get a more affordable monthly loan payment. The monthly payment is calculated by taking the lower amount of two calculation methods: Based on … [Read more...] about Income Contingent Repayment Plan
