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Federal Family Education Loan Program (FFELP) Loan Repayment

Federal Family Education Loan Program (FFELP) Loan Repayment

Regards to Your Loan

Interest for adjustable Stafford Loans(Fall 2006 – springtime 2007)

Price is great through 30, 2007 june. Will reset starting July 1, 2007. Grace Period for 6 months (beginning when last enrolled at the least half time).

Repayment Alternatives

  • Prepayment – you might pre-pay all or section of your loan at any time without penalty. This could significantly reduce your total interest expenses.
  • Standard Repayment Plan ? Under this course of action, your payment will continue to be the exact same on the repayment period that is entire. This payment plan is considered the most affordable. Term is as much as 10 years.
  • Graduated Repayment Arrange ? As its title recommends, this plan of action starts with smaller payments, accompanied by an increase that is gradual the re re payment within the payment quantity at certain intervals.

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