Student Loans Guide to Fund Your Future

The Fact about Student Loans - "There are 70% of student graduated with student loans. In 2016 grad holds $37,172 in student debt, and 59% of millennium graduates say they do not know when their student loans will be paid of." - Student Loans Guide

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Student Loans Repayment

Rating: 5. Reviewer: Student Loans Guide - Item Reviewed: Student Loans Repayment - Support by: Student Loans Guide. Student Loans Guide will guide you to get a student loans for college or career school are an investment in your future by borrow in federal student loans or any student loans sources.

Student Loans Repayment. Find the right repayment plan for you, learn how to make a payment, get help if you can not afford to pay your payment, and see what circumstances might lead to a loan being forgiven, canceled, or repatriated.

Understanding how to return your federal student loans can save you a lot of time and money.

Finding the Right Repayment Plan for You

There are several repayment plans available, giving you the flexibility you need. Here are some things you should know:
  • You will be asked to select a plan. If you do not choose it, you will be placed on the Standard Repayment Plan, which will make your loan pay off within 10 years.
  • You can switch to a different plan at any time according to your needs and goals.
  • Your monthly payment can be based on how much you earn.

Use the Repayment Estimator

The Payment Estimator (from Federal Student Aid) can help you find out which repayment plan is best for you. Sign in, and they'll pull out relevant information like your loan amount, loan type, and interest rate. Just enter some additional information, such as your income and family size, and the results will show your payment in each payment plan.


student loans repayment

Federal Student Aid Repayment Plans


Which Loans are Included?

When we estimate your payments for each repayment plan, we include only the loans that are eligible for that repayment plan.

If you have consolidation loan(s), as well as other federal student loans that aren't consolidation loan(s), we don't include the consolidation loan balance(s) in the Standard and Graduated repayment estimates. Instead, we display consolidation loan(s) in a separate table below.

If some of your loans aren't eligible for a repayment plan, the estimated payment for that repayment plan won't reflect the total amount that you'll repay on all of your federal student loans. For example, if you have FFEL Program Loans and Direct Loans, and are interested in the Extended Repayment Plan, but only your Direct Loans are eligible for the Extended Repayment Plan, then the estimated payments for the Extended Repayment Plan will only be based on your Direct Loans, and won't include your FFEL Program Loans. Therefore, the estimated payments for the Extended Repayment Plan won't be the total amount that you have to repay each month for all of your federal student loans.


What Assumptions do We (Federal Student Aid) Make?

Monthly payment amounts presented here are estimates only and are based on several assumptions that may not apply to you. To discuss actual monthly payment amounts, contact your loan servicer.
  • Repayment Period - We assume that you have just entered repayment and estimate your payments assuming that you still have the full repayment period to repay your loans. For example, we estimate your payments under the Extended Repayment Plan using a 25-year repayment period, even if you have less than 25 years remaining. We also assume that you'll pay continuously throughout the repayment period with no breaks for deferment or forbearance.
  • Discretionary Income - We assume that your income will grow 5% each year, that your family size will remain the same during the life of the loan, and that the poverty guidelines will increase based on the Congressional Budget Office's estimation of inflation.
  • Variable interest rates - For loans with variable interest rates, we assume that the current interest rate won't change during the life of the loan.
  • Consolidation Loans - We assume that Direct and FFEL Consolidation Loans don't contain any underlying loans made to parents, which are ineligible for the REPAYE, PAYE, and IBR plans.


Projected Loan Forgiveness

Under the income-driven repayment plans, you may have the remaining balance of your loan forgiven if your loan is not repaid in full after 240 months (20 years) or 300 months (25 years). Whether your loans are forgiven after 20 or 25 years depends on the plan you choose, and if other conditions are met (see Eligibility Requirements in the Terms & Conditions). Your Projected Loan Forgiveness will be $0 if we estimate that you will repay your loan balance in full within 240 or 300 months.


Projected Loan Forgiveness for PSLF

Under the Public Service Loan Forgiveness (PSLF) program, you may qualify for forgiveness of the remaining balance due on your William D. Ford Federal Direct Loan (Direct Loan) Program loans after you have made 120 qualifying payments on those loans while employed full-time by certain public service employers. You must have made 120 separate monthly payments after Oct. 1, 2007, on the Direct Loans for which you are requesting forgiveness. In general to have a loan balance after 10 years, the 120 required payments should be while making reduced monthly payments under an Income-Driven Repayment plan. However, PSLF qualifying payments can also be made on a 10-year Standard Repayment Plan or any other Direct Loan Program repayment plan where the monthly payment is at least equal to the monthly payment amount that would have been required under the 10-year Standard Repayment Plan.


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United States has debts of more than $ 1.4 trillion for student loans. The loans are distributed among approximately 44 million borrowers, totaling approximately $ 620 billion, or more than the total U.S. credit card debt. In fact, the average class by 2016 graduates have $ 37,172 in student loan debt, showing that the value is up about 6% from a year earlier. More info, readour Student Loans Guide site.

Student Loans Guide you find the best student loans for college or career school are an investment in your future from federal student loans and or from any student loans sources. Student Loans Guide is one of the best online student loans guide that created just for guiding any United States students to get their best student loans for their future. Student Loans Guide can help you find the best private student loan to fit your needs to. Search any student loans here on Student Loans Guide site to get the best one for your needs now or contact us for any student loans as by your needs.