Your Student Loan Repayment Options...

In order to make loan repayment easier and affordable for you, the federal government offers a range of repayment programs and options. Choosing the right program is crucial to your ability to repay your student loan debt on time without a large burden on your finances. It is important to learn about the eligibility criteria for these programs and explore all the options to find one that is best suited for your situation.

At Simple Repayment, we provide counseling, consolidation and the option to choose from a range of possible comprehensive and complete student loan repayment options, depending on your situation. We work with highly qualified enrollment advisors who have a proper understanding of federal loan programs and financial management. We will help you find the right federal student loan repayment option based on your specific needs and requirements and provide comprehensive information for you to make a decision that remains feasible in the long term.

Loan Consolidation

Loan consolidation will take all your federal student loans and combine them into a new consolidated loan. You will have only one lender, with one monthly payment. By consolidating all of your loans into Direct Loans, your repayment options may be expanded. In addition, all variable interest rate loans will become fixed.

Income-Driven Repayment

If you are suffering from a financial hardship, you may be eligible for an income-driven repayment plan. In this repayment plan, you would have a payment based on your income and family size. Payments in these plans can be as low as $0.00 per month, with maximum repayment terms of 10-25 years.

Student Loan Forgiveness

If you have Federal Student Loans, you may qualify for an income-driven repayment plan which aims to keep your payments low during times of economic hardship. In addition, these plans cap the number of payments you must make. If there is any remaining balance at the end of your maximum repayment term, that amount may be forgiven.