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After students are finished with school, they have to deal with the burden of paying back their student loans.
Student Loan Medix can help you lower your monthly payments and help you find a plan that best fits your current financial needs.
The most common repayment plan is Standard Repayment. This plan spreads equal payments over your loan term. Generally, this is the most economical repayment plan.
With this plan, payments start low and gradually increase over the years. This can be a good choice for those who expect to earn more money as they advance in their careers. Payment amounts increase every 24 months until the loan balance is paid in full.
Do you have more than $30,000 in outstanding FFELP or Direct Loans? Then the Extended Repayment Plan may be for you. This plan makes monthly payments more affordable, but it will take a longer amount of time to pay off the loan (up to 25 years), and you will pay more interest.