Standard Repayment Plan

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This plan is available to all borrowers by default and is known as the 10-year repayment plan. It encompasses various types of loans, including Direct Loans, PLUS Loans, and Stafford Loans (both Subsidized and Unsubsidized), as well as Consolidation Loans.

Under this plan, your payments remain fixed for a period of 10 years, continuing until the entire loan amount is fully paid off. If you have Consolidation Loans, the repayment period can extend beyond 10 years, up to a maximum of 30 years.

This repayment plan offers the advantage of paying significantly less over the course of repayment. However, it's important to note that it's not suitable for individuals applying for the Public Service Loan Forgiveness (PSLF) program.

If you possess Consolidation Loans and they fall under this plan, they are also eligible for consideration under the PSLF program. If you need more information or have any questions about this plan, please don't hesitate to reach out to us.