Loan Repayment Information

Students are required to pay back all federal student loans borrowed according to the terms of the Master Promissory Note.  When it comes time to repay your Federal Direct Student Loan, you will need to select a repayment plan. There are several repayment plans to choose from. How much you pay and how long you take to repay your loans will vary depending on the repayment plan you choose. Consolidation loans also have varying repayment plans. 


Repayment Information

The most common repayment plan options are: standard, extended, graduated, income contingent, income-based and pay as you earn. For detailed descriptions of each repayment plan option, visit the Student Financial Aid websitePlease Note: students seeking face-to-face guidance may contact One-Stop Student Services in order to schedule an appointment with a Financial Aid Specialist.  


Repayment Calculators and Interest Rates

The U.S. Department of Education's U.S. Department of Education's website provides interactive loan repayment calculators based on repayment plan type as well as information on interest rates which will assist you in determining which repayment plan is right for you.


Repayment Estimator

The U.S. Department of Education's Repayment Estimator is a personalized tool you can use to explore repayment options based on your income. You'll need your federal FSA ID to log in and access your actual loan information.


Sample Loan Repayment Schedules

The following sample loan repayment charts can be used to estimate your loan repayment under the standard repayment plan. These charts are for estimating purposes only. Figures have been rounded up to the nearest whole dollar and represent minimum payments over a maximum of 10 years. Amounts do not include interest that may accumulate during periods of deferment or forbearance. Lower balances may take less than 10 years to repay at the minimum monthly payment of $50.

Direct Loan Sample Repayment Schedule


Graduate/Professional and Parent PLUS Loan Sample Repayment Schedule


FSA Ombudsman Group

The Federal Student Aid (FSA) Ombudsman Group of the U.S. Department of Education (ED) is a neutral, informal, and confidential resource to help resolve disputes about federal student loans. The FSA Ombudsman Group should only be contacted as a last resort after efforts to resolve your student loan problems with your lender or servicer have been made.



FSA Student Loan Ombudsman Group:
Online Assistance:
Phone:           (877) 557-2575
Fax: (606) 396-4821
Mail: FSA Ombudsman Group
  P.O. Box 1843
  Monticello, KY 42633