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1. Federal Student Loan Repayment
Plans and the Repayment
Estimator
For more details kindly visit:-
http://www.howstudentloan.com/

2. 2
Today’s Topics
Student Loan Basics
Repayment Options and
Repayment Estimator
Postponing Payments, Default,
and Discharge
Federal Student Aid Resources

3. Student Loan Basics
Types of Loans and Loan Servicers
For more details kindly visit:-
http://www.howstudentloan.com/

4. Standard Repayment Plan
Under this plan, the borrower will pay a fixed amount that
ensures they pay their loan(s) in full within the repayment
period. Payments will be at least $50 per month.
For subsidized, unsubsidized, and PLUS loans, the repayment
period is 10 years. For consolidation loans, the repayment
period is 10-30 years, depending on the borrower’s total
educational indebtedness.
For borrowers who do not have consolidation loans, this plan
results in the lowest total interest paid because the repayment
period is shorter than it would be under any of the other
repayment plans.

5. 5
Extended Repayment Plan
Under this plan, the borrower will pay a fixed or graduated amount in
an amount that will ensure that they pay their loans(s) in full within 25
years. Fixed payments will be at least $50 per month. Graduated
payments will be at least the amount of interest that accrues in a
month.
A borrower may choose this plan if:
– He or she did not have an outstanding balance on a FFEL
Program or Direct Loan as of October 7, 1998 or on the date
they obtained a student loan after that date and
– He or she has more than $30,000 in outstanding FFEL Program
loans or more than $30,000 in outstanding Direct Loans.

6. Federal Student
Loan
Subsidized
Stafford
Unsubsidized
Stafford
Parent PLUS
Grad. PLUS
Perkins
Loans
Consolidation
Loans

7. Interest Rate
(First Disbursed
between July 1, 2016
and June 30, 2017) Repayment Additional Info
Federal Perkins Loan
5% Fixed
9 months after school
No interest charged while
in school
Federal Stafford/ Direct
Loan Undergraduate
Subsidized
3.76% Fixed
Unsubsidized
3.76%Fixed
6 months after school
Subsidized: no interest
charged while in school
Unsubsidized: interest
accrues while in school
Federal Stafford/ Direct
Loan
Graduate/Professional
Unsubsidized 5.31%
Fixed 6 months after school
Unsubsidized interest
accrues while in school
Federal Direct PLUS
Loan (Parents,
Graduate &
Professional)
6.31% Fixed Direct
Lending Schools
May be deferred until
6 months after student
drops below ½ time or
60 days after loan is
fully disbursed
Interest accrues while
student is in school

8. Loan Servicers
The following are loan servicers for federally held loans made through the Direct Loan and
(FFEL) Programs:
• CornerStone
• ESA/Edfinancial
• FedLoan Servicing (PHEAA)
• Granite State – GSMR
• Great Lakes Educational Loan Services, Inc.
• MOHELA
• Navient
• Nelnet
• OSLA Servicing
• VSAC Federal Loans

9. Repayment Plans

10. With Regards:-
For more details kindly visit:-
https://goo.gl/VFzkMd