Keyword Analysis & Research: repayment

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What are the repayment options?

Repayment options for government-backed loans Lump-sum payment. A lump-sum payment means that you would pay back the entire amount you owe in one lump sum. ... Short-term repayment plan. A short-term repayment allows you to repay your forbearance amount over the course of six months. ... Extended loan modification. ... Flex modification. ... Cap and extend. ... Repayment options for privately owned loans. ...

What is the standard repayment plan?

The Standard Repayment Plan is the default payment plan for all federal student loans, through which you can pay off your loans within 10 years. You are welcome to work with your student loan servicer to choose a different plan.

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