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Standard Repayment
You will receive the Standard Repayment Plan unless you request one of the
other plans listed below. Payments will be a fixed amount for the life
of the loan.
You can use the Estimate Standard Repayment Calculator to get your estimated monthly payment.
Income Sensitive Repayment
Payments are adjusted annually based on your current income. Payments must
cover at least the interest that accrues between scheduled payments.
Graduated Repayment
Payments start low and gradually increase during your repayment period.
This plan may be good for you if you anticipate your income will increase in the future.
Extended Repayment
This plan is available if your loans total $30,000 or more and your loans
were made on or after October 7, 1998. The payment term is extended up
to 25 years.
Authorization for Automatic Account Transfers
This is a process that allows your monthly student loan payment to automatically
come out of your checking or savings account. (Your loans may be eligible
for a .25% interest rate reduction.) Click here for the ACH (Automated Clearinghouse Payment Method) application.
Automatic Payment-by-Phone
This option allows for you to phone our office and authorize a payment made from your account that day. (Request prior to 3:00 p.m. CST.)
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