FEATURED ARTICLESFederal Stafford Loan Repayment Options
Before you borrow, it's important to consider how to pay back student loans. This repayment guide will help you understand the options for controlling your federal student loan debt, including Stafford and PLUS loans, even if you've already graduated.Federal Student Loan Consolidation
A federal consolidation loan combines two or more federal education loans into one loan. The interest rate on this loan is based on the interest rates of the loans included in the consolidation loan, preserving the cost of the loan. Borrowers may be able to qualify for a lower payment on the consolidation loan.Repayment Plans for Federal Student and Parent Loans
Several repayment plans are available for federal education loans. Level repayment plans, such as standard repayment and extended repayment, provide a loan payment that remains unchanged for the life of the loan. Graduated repayment starts off with a low payment and increases it every two years. Other repayment plans base the monthly payment on a percentage of the borrower's discretionary income.Suspending Repayment on Federal Student Loans
Federal student loans offer several deferments and forbearances, which temporarily suspend the obligation to repay the student loans. These options can help borrowers avoid default during short-term financial difficulties.Cancelling Repayment on Federal Student Loans
Federal student loans offer several forgiveness and discharge options, which permanently cancel the obligation to repay the student loans.