What is the graduated repayment option?
Once you complete school, you will be allowed to choose straight repayment over 20 or 25 years (depending on loan balance) or our graduated repayment for two years. The graduated repayment option amortizes the first 2 years over a 40 year period and then over either 18 or 23 years for the remainder of the loan. This means monthly loan payments will be lower in the first two years after starting repayment – which may benefit individuals who are just beginning new careers and managing tight budgets.
