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Information Collection Request; Direct Loan Servicing

Information Collection Request; Direct Loan Servicing

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Instructions and help about fsa 2001 forms

After college, career school, or trade school, you might find yourself with student loans. While repaying your loans can seem intimidating, we have many tools and resources available to help you through the process, including a variety of repayment plans designed to meet your goals and needs. Federal Student Aid offers repayment plans that fit into two groups: fixed payment repayment plans and income-driven repayment plans. On a fixed repayment plan, your total principal balance is broken up into regular monthly payments that are designed to see your loans paid off within a fixed number of years. On an income-driven repayment plan, your income and family size determine your monthly payment amounts. Income-driven repayment plans typically lead to loan forgiveness after a set number of years in repayment. We have three fixed repayment plans: the Standard Repayment Plan, the Graduated Repayment Plan, and the Extended Repayment Plan. On the Standard Repayment Plan, your monthly payment amo

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