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How Long is the Repayment Period

A private student loan refinance repayment terms vary by lender, and can be anywhere from 5 to 20 years.

The Standard Direct Consolidation Loan repayment period is determined by your total education debt, which considers both federal and private student loan debt. In your application you can report the amount of your private student loans, even though you can't include the actual loans in your consolidation.

The following table shows the maximum repayment term under the Standard Direct Consolidation Loan repayment plan:

Loan Balance Maximum Repayment Period

Less than $7,500

10 years

$7,500 to $9,999

12 years

$10,000 to $19,999

15 years

$20,000 to $39,999

20 years

$40,000 to $59,000

25 years

$60,000 and above

30 years

You do not need to choose the standard repayment plan for a Direct Consolidation Loan. You are free to choose another repayment plan, like a 10-year standard plan or an income-drive repayment plan if you prefer.