Overview of Repaying Student Loans 6/27/2010

 You may combine all your federal student loans into one new loan  Your new maximum repayment term is based on the total loan. amount and can be 10 to

To make it easier to repay outstanding student loans, the Federal Family Education Loan Program (FFELP) offers six repayment plans.. •

• 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

¨  Federal student loan repayment: StudentAid.gov ¨  Federal Direct Consolidation Loans: StudentLoans.gov ¨  National Student Loan Data System: NSLDS.ed.gov

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

Prior to July 1, 2010, there were two federal student loan programs that made Stafford, PLUS, and Consolidation loans - the Federal Direct Loan Program (Direct) and The Federal

A Direct Consolidation Loan Program is available that allows you to consolidate one or more of your eligible federal education loans into a new loan with a single monthly