Graduated Repayment Plan B This option allows for interest-only payments for the first one-third of your total repayment period. Level monthly payments are required for the remaining two-thirds of your repayment period. Graduated Repayment Plan C With this option, for the first quarter of the repayment period, you pay only interest. For the second quarter, you pay level monthly payments (on the balance) which are calculated over the original maximum payment period allowed. For the last half of your repayment period, level payments are recalculated, enabling you to pay off the remainder of the loan. Income-Sensitive Repayment Plan This option means you pay equal monthly payments. After you are in repayment, your monthly amount can be adjusted if your total monthly gross income from employment and all other sources change. Extended Repayment Under an extended repayment schedule, you can repay your consolidation loan over a 25-year period on a fixed or graduated payment plan if you have loans totaling in excess of $30,000. If you have loans in excess of $60,000 and wish to repay over a 30-year period, you should select one of the other repayment options.

Apply today and take advantage of all the benefits of a Federal Consolidation Loan from the Consolidation Assistance Program. We make it easy. You can apply by phone, through our online application or by mail. To be eligible for a loan from the Consolidation Assistance Program you must be in your loan grace period or have entered repayment for each loan chosen for consolidation. You must also be consolidating eligible Federal student debt totaling at least $10,000 and you must not currently be in default on a Federal student. Fill out our online application. We will mail you the completed application (with the info you provided) for your signature.

What if I don''t know who currently holds my loans? back to top You can find lender names and addresses in your repayment information for each of your loans. Or, simply access to access all your students. Will you check my credit before approving me for a consolidation loan? back to top No. There is no credit check to obtain a Federal Consolidation Loan through the Consolidation Assistance Program. However, you must not be in default on a Federal student. Can my spouse and I consolidate our students? back to top To take advantage of a Consolidation Assistance Program loan, you must apply separately from your spouse. What are my repayment plan options and how long do I have to repay my loan? back to top You may choose one of several repayment options for your Federal Consolidation Loan. The repayment term can have a maximum of up to 30 years depending on the total amount of your students. Repayment options: back to top

©2003 www.paying-off-college-student-loans.com All rights reserved.