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    Using Standard Repayment

    If you have federal student loans, you'll automatically be enrolled in standard repayment after your grace period ends. This means you'll be required to pay the same amount every month for 120 months, unless you change your repayment plan.
    Updated: March 13, 2015

    What You'll Learn

    • What the advantages of standard repayment are.
    • Why you may want to choose a different option.
    • How to lower your monthly payments if you need to.

    Red pencil circling a date on a calendar

    If you have federal student loans, you'll automatically be enrolled in standard repayment after your grace period ends. This means you'll be required to pay the same amount every month for 10 years (120 payments). If you make all 120 payments on time, your loans will be completely repaid at the end of that period.

    The Basics

    Here's how standard repayment works:

    • You'll be placed into standard repayment once you finish your grace period.
    • Repayment lasts 10 years (120 payments), and your monthly payments will be the same amount each month.
    • If you can't afford the monthly payments, you may be able to choose from a number of other options to make them more manageable.
    • Your monthly payment amount may be higher under standard repayment than with another repayment option, but this plan generally costs you less in interest in the long run.

    Stacking It Up

    Your monthly payment.

    standard chart

    Using a different repayment plan to reduce your monthly payment may look good, but interest can continue to build up—and can drastically increase the total cost of your loan.

    Get your payment estimate

    standard chart

    The repayment period will vary for each repayment plan. To find out how long you will be making payments under this repayment plan and how we came up with these numbers, check out the bottom of the page.

    Standard repayment puts you on a schedule to repay your loans relatively quickly. That means, you'll likely wind up paying less in interest—and overall—over the life of your loan.

    Changing Your Repayment Plan

    If you've decided that you definitely need to lower your monthly payment, then you'll need to do the following:

    Not sure who your servicer is? Visit the National Student Loan Data System (NSLDS®) to find all of your federal student loans information, including the name of your servicer.

    What's NSLDS? Go to NSLDS

    Showing Our Work

    To come up with the numbers above, we used the following information:

    Original Amount Owed$35,000
    Interest Rate6.8%
    Annual Income$25,000
    Monthly Income$2,083
    Family Size1
    Repayment Period300
    Actualizado: 13 marzo 2015

    Red pencil circling a date on a calendar

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