Q: What is standard repayment?
A: Standard repayment is the most common
payment schedule option. Borrowers repay the loan(s) in equal installments
over their repayment period. The amount of the loan and the length
of the repayment period determine the minimum monthly payment. Generally,
this option is the most economical method of repayment.
Q: I can't make my scheduled payments. What are
my options?
Q: What is a graduated repayment plan?
Q: What is an income-sensitive repayment plan?
Q: What is a deferment, and how do I get one?
Q: What is a forbearance, and how do I get one?
Q: What happens to the interest on my loan while
I am in deferment?
Q: What happens to the interest on my loan while
I am in forbearance?
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