Standard Repayment Plan


The Standard Repayment Plan is the plan you will be assigned at repayment if you do not choose a different option when provided the choice by your loan servicer. This plan offers fixed monthly payments paid over the course of 10 years (10-30 years for federal consolidation loans). Of the repayment plans offered for federal student loans, this plan will have the lowest cost in terms of your total cost of borrowing because you will repay your loan in the shortest amount of time. The shorter you take to repay, the less interest you wil pay.

Eligible Federal Loans
  • Direct Subsidized Loans
  • Direct Unsubsidized Loans
  • Direct PLUS Loans
  • Direct Consolidation Loans
  • FFEL Stafford Loans
  • FFEL PLUS Loans
  • FFEL Consolidation Loans
FFEL loans were discontinued on July 1, 2010.
Monthly Payments for Federal Loans (except consolidation)

Your fixed monthly payment for eligible programs except consolidation will be at least $50. You can estimate your monthly payment using our student loan payment calculator.

Monthly Payments for Federal Consolidation Loans

Your monthly payment for your federal consolidation loan will be at least $50. The amount of time you will have to reapy your loan is based on the total amount of education debt you owe on all student loans including federal and private student loans that are not part of your consolidation loan.

Here are the maximum repayment terms for Direct or FFEL Consolidaton Loans based on total education debt:

Total Education DebtRepayment Term
$0 - $7,49910 years
$7,500 - $9,99912 years
$10,000 - $19,99915 years
$20,000 - $39,99920 years
$40,000 - $59,99925 years
$60,000 or more30 years