Why pay more? If you do not consolidate now, while rates are possibly at their lowest in history, you could miss the chance to take advantage of these low, fixed rates. See below how much you can save. And, for even more savings, you may wish to consider an extended term loan (length of term is dependent on amount of loan). Remember, you can choose to repay your loan early with NO penalty!As a student in grace (i.e., a student who has left school within the last 6 months), you can take advantage of a Consolidation Assistance Program loan interest rate that is up to .625% lower than the rate you would receive if you wait until you enter repayment to consolidate your loans.

Why pay more? If you do not consolidate now, while rates are possibly at their lowest in history, you could miss the chance to take advantage of these low, fixed rates. See below how much you can save. And, for even more savings, you may wish to consider an extended term loan (length of term is dependent on amount of loan). Remember, you can choose to repay your loan early with NO penalty!As a student in grace (i.e., a student who has left school within the last 6 months), you can take advantage of a Consolidation Assistance Program loan interest rate that is up to .625% lower than the rate you would receive if you wait until you enter repayment to consolidate your loans.

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.

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