Repayment Options:
Standard Repayment - Graduated Repayment - Income-Sensitive Repayment - Extended Repayment
Located in the Exit Counseling Guide for Direct Loan Borrowers, with the addendum, is an estimated repayment option chart indicating average anticipated monthly payments. Terms describing deferments, forbearance and loan consolidation are outlined. Review these terms & repayment options with your school official. If you have trouble with repayment in the future, call the Direct Loan Servicing Center at 1-800-848-0979.
Review with your school official the Funding Education Beyong High School, The Guide to Federal Student Aid, Student Loan Section, to understand the serious consequences of default. You will find helpful guidelines on how to cerate a good credit history and how to improve your credit score. Information is included on the Master Promissory Note, capitalization and types of loans available.