The federal standard student loan repayment plan for Direct Loans and Federal Family Education Loan is based on the borrower’s balance (rather than the borrower’s income or other factors).  These balance-based plans are fixed and made for up to 10 years (between 10 and 30 years for consolidation loans). Federal student loan borrowers have options on which repayment plan to […]

The federal standard student loan repayment plan for Direct Loans and Federal Family Education Loan is based on the borrower’s balance (rather than the borrower’s income or other factors).  These balance-based plans are fixed and made for up to 10 years (between 10 and 30 years for consolidation loans). Federal student loan borrowers have options on which repayment plan to […]

The federal standard student loan repayment plan for Direct Loans and Federal Family Education Loans is based on the borrower’s balance (rather than the borrower’s income or other factors).  These balance-based plans are fixed and made for up to 10 years (between 10 and 30 years for consolidation loans). Federal student loan borrowers have options on which repayment plan to […]

The federal standard student loan repayment plan for Direct loans and Federal Family Education loans is based on the borrower’s balance (rather than the borrower’s income or other factors).  These balance-based plans are fixed and made for up to 10 years (between 10 and 30 years for consolidation loans). Federal student loan borrowers have options on which repayment plan to […]

Sometimes it can happen where a borrower does not meet the eligibility requirements for any of the Income Driven Repayment Plans or Balance based Repayment Plans but for whom standard repayment is not possible.  These borrowers can request to be placed on an Alternative Repayment Plan. To be considered for an Alternative Repayment Plan, the borrower must show evidence of […]