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Student Loans. A straight forward guide to managing your student loans.

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Academic year: 2021

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In general, Direct loans are paid to the Direct Loan Servicing Center (contact information is in Chapter 5) and Perkins loans to the school, but this isn’t always a simple question

If you think you might have a problem making the scheduled payments on your loans, contact the Direct Loan Servicing Center immediately to discuss other repayment plan options and

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• Not eligible for income-driven repayment plans or Public Service Loan Forgiveness • Not eligible for federal consolidation.. • See primer on private loans

will be greater than the total interest paid under a standard repayment plan, but any outstanding principal and interest still owed after 20 or 25 years of qualifying

Student Loan Consolidation – Combines all of your federal student loans into one, fixed rate loan.¹ If you decide to extend your repayment term, your monthly payment can also

 NOT eligible for Income Driven Repayment Plans or loan forgiveness.  Cannot be combined or consolidated with your federal loans  Credit check is required, a co-signer may

5% Fixed 9 months after school Federal Stafford/ Direct Loan Undergraduate Subsidized 3.86% Variable Unsubsidized 3.86% Variable 6 months after school Subsidized: no