Consolidating subsidized and unsubsidized student loans

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Get More Information Income-Based Repayment (IBR) is designed to reduce monthly payments to assist with making your student loan debt manageable.If you need to make lower monthly payments, this plan may be for you.7, 1998 or on the date you obtained a Direct Loan after Oct.7, 1998 Eligible Loans Include: Direct Subsidized Loans, Direct Unsubsidized Loans, Direct PLUS Loans, Direct Consolidation Loans, Subsidized Federal Stafford Loans, Unsubsidized Federal Stafford Loans, FFEL PLUS Loans, FFEL Consolidation Loans.The PSLF Program is intended to encourage individuals to enter and continue to work full-time in public service jobs.Under this program, borrowers may qualify for forgiveness of the remaining balance of their Direct Loans after they have made 120 qualifying payments on those loans while employed full time by certain public service employers.

The interest rates on federal consolidation loans are based on the weighted average of the interest rates of the federal education loans being consolidated, rounded up to the nearest one eighth of one percent.The length of the term is always based on the size of the loan.A Standard Repayment Plan may be in your best interest if you want to pay off your loans as soon as possible, you have less than 30 years on your term, you have a higher income (i.e., you don't qualify for income-based repayment), or if you have little student loan debt.Eligible Loans Include: Direct Subsidized & Unsubsidized Loans, Subsidized & Unsubsidized Federal Stafford Loans, and all PLUS Loans.If you currently receive a low income, but expect it to regularly increase with time, enrolling in a Graduated Repayment Plan may be in your best interest.

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