Graduate Student LoanRepayment Options

Repayment Options

You have a choice of repayment options, depending on the loan program you are applying for, so you can choose the one that best meets your individual needs. We will also let borrowers make payments electronically (and perhaps save money) and reward customers for paying on time.

Standard repayment:

Principal and interest payments are due each month throughout the loan repayment term.

Graduated repayment:

Payments are smaller at the beginning of repayment and step up at specified periods and in specified amounts over the term of the loan.

Income-based repayment:

Monthly loan payments are based on a percentage of the borrower's monthly gross income. StaffordLoan.com offers an income-sensitive repayment plan.

Extended Repayment:

Extended Repayment provides eligible Federal Stafford, Federal PLUS and Alternative loan/Federal Consolidation loan borrowers with payment relief through a lengthened repayment term of up to 25 years.

Serialization and consolidation:

With serialization, the loan holder purchases your loans held by other institutions and services them in one account. You make one monthly payment but retain the original terms and interest rate. With our consolidation program, the borrower may refinance multiple loans. The original loans are paid in full and a new loan for the combined balance is originated, for a new term, often at a new interest rate.