Repayment


Unforeseen circumstances can sometimes make it difficult for borrowers to repay their loans, but there are options that assist loan borrowers who may struggle during repayment. Default generally occurs on a federal student loan when a borrower does not make payment in agreement with their Master Promissory Note (MPN) and may lead to a damaged credit score, garnished wages, litigation, and ineligibility for additional student aid. Repayment information



NLDS for Students Loan Forgiveness

Repayment Plans

  • Standard Repayment
  • Extended Repayment
  • Graduated Repayment
  • Income Based Repayment
  • Income Contingent Repayment(Direct Loans only)
  • Income Sensitive Repayment (FFEL Loans only)
Consolidation Deferments
Last updated February 7, 2013