Loan Consolidation Payment Options, Federal Equal Payments, Graduated Payments

America's Top Student Loan Provider

Depending on the total amount of your student loans, the repayment term can be 10 to 30 years.

Loan payment options for loan consolidation:

Equal Payments

Equal monthly payments over the term of the loan.

Select 2/Graduated Payments

You make interest-only payments first two years of repayment. Payments increase to level installments of principal and interest payments for the remaining term of the loan, in the third year.

Select 5/Graduated Payments

You make interest-only payments first two years of repayment. In the third through fifth years, payments increase to include a portion of principal. In the sixth year, payments increase to level investments of principal and interest payments for the remaining term of the loan.

Income-Sensitive Payments

Payments can also be adjusted annually based on your expected total monthly gross income from employment and all other sources. Once eligibility is determined by your servicer your new payment will also be calculated.

Extended Equal Payments¹

Allows up to a 25-year repayment term of Equal Payments.

Extended Select 2 Payments¹

Allows up to a 25-year repayment term with the Select 2/Graduated Payment plan.

Extended Select 5 Payments¹

Allows up to a 25-year repayment term with the Select 5/Graduated Payment plan.

For any queries about the federal loan consolidation process, please email us or call (800) 821-5659. Our expert loan advisor will be able to guide you.

1. All Extended Repayment Plans are for qualified borrowers with more than $30,000 in eligible loans. Applicants interested in any of the Extended Repayment Plans should contact our loan advisors to determine eligibility.

How EdFed Helped others!

I contacted several lenders while I was looking for a company to consolidate my federal loans. I heard all of the sales pitches. What it really boils down to, through, was who could save me the most money. Edfed is the only lender who would guarantee my borrower benefits. All of the other lenders had provisions allowing them to take my 1%interest reduction away even after I earned it. On my consolidation, the 1% reduction will save me almost $18,000, with EdFed, I know I will get the savings. EdFed beats the competition hands down.
- John F. Albany, NY

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Education is one of the most basic right of any human, but with the increase in prices and the costs involved in education this has made these rights turn into a privilege which very few can enjoy. Any normal person today in the whole of United States has to take an education loan at one point of time to pay for their education fees.

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CONSOLIDATION NEWS

	Schools Will No Longer Receive Paper FAFSA Forms (September 20, 2007)
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		Spending just a few minutes now to complete your federal loan consolidation application can save you money for years to come.

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