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Good choice for those whose goals are to pay off their loans quickly and at the lowest overall cost.
Up to 10 years
Payment is a fixed amount (amounts on variable rate loans may vary as interest rates change)
Requires the highest initial monthly payment, but lowest total interest paid
Unless otherwise indicated, borrowers will be enrolled in the the Standard plan
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Good choice for those who need an initial lower monthly payment but will be able to afford larger monthly payment later in repayment.
Up to 10 years
Monthly payments start lower and increase at scheduled intervals (early payments typically cover only interest charges)
Total finance charges are higher than with the Standard plan
To choose , call Access Group at
866-768-1239
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Good choice for many borrowers seeking a lower monthly payment or to free up cash for other priorities.
Up to 25 years using either equal payments or graduated payments
Eligible borrowers can reduce student loan monthly payments by up to 40%*
Monthly payment is lower than with the standard plan, resulting in a higher overall cost
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Good choice for qualifying borrowers who can't afford to make payments under the other plans.
Up to 25 years
Borrowers must qualify and reapply yearly and provide any requested income documentation
Borrowers must demonstrate “partial financial hardship”
Annual payment is 15% of “disposable” income; monthly payments are 1/12 of that amount
Find more information about IBR on AccessGroup.Org
To apply, call Access Group at
866-768-1239
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Up to 15 years
Monthly payments are based on the borrower's expected total monthly gross income and are adjusted annually
Payment must at least equal interest charges
Offers lower monthly payments, but incurs higher interest paid than the standard 10-year payment plan
Borrowers must request this plan from the loan holder/servicer and provide any requested income documentation
To apply , call Access Group at
866-768-1239
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