GraduateFund.com offers several different student loan repayments plans from which you can choose. Repayments term are determined by the amount of your total student loan debt.
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Repayment Plans for Consolidation Loans
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The repayment term is determined by the amount of your total student loan debt, including any federal loans you are consolidating and private student loans not eligible for consolidation.
| Loan Balance |
Eligible Term (Months) |
Eligible Term (Years) |
| $7,500 - $9,999.99 |
144 |
12 |
| $10,000 - $19,999.99 |
180 |
15 |
| $20,000 - $39,999.99 |
240 |
20 |
| $40,000 - $59,999.99 |
300 |
25 |
| $60,000 and Greater |
360 |
30 |
- Level/Standard Payment Plan - This option provides equal monthly payments over the term of the loan.
- Select 2/Graduated Payment Plan - This option allows for interest-only payments first two years of repayment. In the third year, payments increase to level installments of principal and interest payments for the remainder of the loan.
- Select 5/Graduated Payment Plan - This option allows for interest-only payments first two years of repayment. In the third year 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 remainder of the loan.
- Income-Sensitive Payment Plan - in which the amount of your payments will be adjusted annually based on your expected total monthly gross income from employment and all other sources. Payments may increase or decrease. If you select this option, your initial repayment amount will be based on a standard or graduated payment plan. After your consolidation loan is made, you will then be required to submit additional information to assist the lender in determining your new payment which is updated annually. You must also submit documentation of student loan debt. If you are consolidating jointly with your spouse, payments will be based on your total household income from all sources.
- Extended Payments - in which you may repay over a 25-year period on a level or graduated payment plan if you have loans totaling in excess of $30,000.
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Federal Loan Consolidation Repayment and Savings Chart Example |
| Student Loan Balance |
$20,000 |
$30,000 |
$40,000 |
$50,000 |
$75,000 |
$100,000 |
$150,000 |
| Current Payment |
$227.50 |
$341.25 |
$455.01 |
$568.76 |
$853.14 |
$1137.52 |
$1706.27 |
| *New Payment |
$112.53 |
$168.80 |
$225.07 |
$281.34 |
$422.00 |
$562.67 |
$844.01 |
| Savings Per Month |
$114.97 |
$172.45 |
$229.94 |
$287.42 |
$431.14 |
$574.85 |
$862.26 |
| Reduced By |
51% |
51% |
51% |
51% |
51% |
51% |
51% |
| *New payment based on a fixed interest rate of 6.625% and Graduated Repayment Plan |
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