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Federal Family Education Loan Program (FFELP) Loan Repayment

Federal Family Education Loan Program (FFELP) Loan Repayment

Regards to Your Loan

Interest for adjustable Stafford Loans(Fall 2006 – springtime 2007)

  • 6.8 percent whilst in college and during grace-period
  • 6.8% during payment
  • 8.25% optimum limit

Price is great through June 30, 2007. Will reset starting July 1, 2007. Grace Period for 6 months (start when last enrolled at the least half time).

Repayment Alternatives

  • Prepayment – you could pre-pay all or element of your loan at any right time without penalty. This could considerably reduce your total interest expenses.
  • Standard Repayment Plan ? Under this plan of action, your payment per month will continue to be the exact same on the repayment period that is entire. This payment plan is considered the most affordable. Term is as much as 10 years.
  • Graduated Repayment Arrange ? As its title shows, this plan of action starts with smaller payments, accompanied by an increase that is gradual the payment within the re re payment quantity at certain intervals. Read more Federal Family Education Loan Program (FFELP) Loan Repayment