Federal student loan repayment plans - THECB - Home

Federal student loan repayment plans

Options to help borrowers manage repayment

Agenda

? Overview of repayment plans--key features ? Borrower example ? Public Service Loan Forgiveness ? Resources

Repayment plans

What repayment plans are available?

"One-size fits all" repayment plans:

? Standard ? Graduated ? Extended

Repayment plans

? Standard ("automatic")

? 120 equal monthly payments ? Maximum10-year repayment term

? Graduated

? Payments start smaller; increase every 2 years ? Maximum 10-year repayment term

? Extended (fixed or graduated)

? For borrowers with over $30,000 in debt ? Up to 25 year repayment term

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