How is the consolidation loan repaid?
The first payment is due no more than 60 days from the date the Consolidation loan is disbursed. Repayment schedule choices include: • Standard payments (fixed monthly payments over a fixed time) • Graduated payments (payments which gradually increase over the years) • Income-Sensitive payments (variable payment amounts based upon annual income) and • Extended payments (more than $30,000 over a 25 year period or more than $60,000 over a 30 year period).
Your first payment is due no more than 60 days from the date the Consolidation loan is disbursed. You have different repayment schedules to choose from and they include: • Standard payments (fixed monthly payments over a fixed time) • Graduated payments (payments which gradually increase over the years) • Income-Sensitive payments (variable payment amounts based upon annual income) you will need to apply for this after the consolidation has gone through, due to the paperwork needed to determine your monthly payment. • Extended payments (more than $30,000 over a 25 year period or more than $60,000 over a 30 year period).
The first payment is due no more than 30 days from the date the Consolidation loan is disbursed. Repayment schedule choices include: • Standard payments (fixed monthly payments over a fixed time) • Graduated payments (payments which gradually increase over the years) • Income-Sensitive payments (variable payment amounts based upon annual income) and • Extended payments (more than $30,000 over a 25 year period or more than $60,000 over a 30 year period).
Your first payment is due no more than 60 days from the date the Consolidation loan is disbursed. You have different repayment schedules to choose from and they include: • Standard payments (fixed monthly payments over a fixed time) • Graduated payments (payments which gradually increase over the years) • Income-Sensitive payments (variable payment amounts based upon annual income) you will need to apply for this after the consolidation has gone through, due to the paperwork needed to determine your monthly payment. • Extended payments (more than $25,000 over a 25 year period or more than $60,000 over a 30 year period).
