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Federal Loan Repayment Assistance Program  Form

Federal Loan Repayment Assistance Program Form

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Instructions and help about Federal Loan Repayment Assistance Program

As you prepare to graduate from college or career school, it’s important to figure out your loan repayment strategy. It might seem intimidating, but don’t worry. This overview will help you understand the basics. Here’s what you should consider. Consider whether it’s a good idea to consolidate your student loans. Consolidation combines your loans into one, so you’ll have just one monthly payment. And it may lower your overall payment amount each month. But there can be downsides. For example, consolidation could increase the total amount of money you pay. Now, on to repayment plans. Which one should you choose? Well, it depends on your goals. With a standard repayment plan, you pay a fixed amount each month. This plan is designed to ensure you’ll pay off your loan within 10 years and minimize the interest you pay. With a graduated repayment plan, you start with a lower monthly payment, then the payment amount gradually increases every two years. This plan also ensures you

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