WHEN DO I HAVE TO START MAKING PAYMENTS?
For the Parent PLUS Loan, your first payment will be due up to 60 days after the money is disbursed, or paid to the student’s school.
Choose one of five repayment
plans:
- Standard
Repayment-This plan gives you a fixed monthly payment amount. (Minimum
payment will be at least $50.)
- Graduated
Repayment-This plan starts with a low payment then increases over time.
- Income-Sensitive
Repayment -This plan gives you monthly payments based on your annual income.
- Extended Repayment - For customers
with more than $30,000 in eligible loans, this plan offers standard or
graduated payments over an extended repayment period of up to 25 years.
- Loan Consolidation - This loan can be combined with other
eligible loans into a new loan with a reduced monthly payment and a fixed
interest rate.
No matter which plan you choose we’ll help you save during the repayment period with our exclusive repayment rewards.
Are you having difficulty making payments? We can help.
You can defer payments up to four years if you have special circumstances that qualify you for forbearance. See the links below for more details.
Ready to apply?
Use our fast online application or call us toll-free at (877) 689-0763.
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