Standard Repayment Plan


Non-Consolidation Loans

Under this plan, you will pay a fixed amount of at least $50 each month for up to 10 years. This plan results in the lowest total interest paid of any repayment plan.

If you have not selected a repayment plan by the time repayment begins, your loan(s) will be placed on the Standard Repayment Plan.

Consolidation Loans

Under this plan, you will pay a fixed amount of at least $50 each month for up to 10 to 30 years, based on your total education indebtedness. This plan may result in lower total interest paid when compared to repayment under one of the graduated plans.

If (1) you have not chosen a repayment plan, (2) you are not required to pay using ICR, and (3) we determine that you currently have other active Direct Loans, we may assign your new Direct Consolidation Loan(s) to the same repayment plan as your active loan(s). If you do not currently have active Direct Loan(s), we may assign your new Direct Consolidation Loan(s) to the Consolidation Standard Repayment Plan. You can change at a later date to other plans for which you may be eligible.

Total Education Indebtedness Amounts and Maximum Number of Monthly Payments for the Standard Repayment Plan (for consolidation loans only)

If your Total Education Indebtedness is:Your Maximum Number of
Monthly Payments
At LeastLess Than
 $ 7,500120 (10 years)
$ 7,500$10,000144 (12 years)
$10,000$20,000180 (15 years)
$20,000$40,000240 (20 years)
$40,000$60,000300 (25 years)
$60,000 360 (30 years)