GRADUATED REPAYMENT
A graduated Repayment plan sets your payments lower at the beginning of your repayment period and then increases over time. All payments must at least equal the interest accrued on the loan between scheduled payments. The advantage of this repayment plan is that it allows you have a lower payment when your income might be lower while you change or start a new career. The disadvantage of this plan is that you will pay more interest over the life of the loan than you would under a Standard Repayment plan. You are allowed to change your repayment plan once a year. You must request a change in your repayment plan. If you do not choose a repayment plan, the Standard Repayment Plan will be used.

1. Payments are calculated using a 6.29% annual interest rate and a ten-year repayment period. Examples only, actual numbers may vary. Interest payments only for the first 48 months ($30 minimum), then an equal and fixed payment for the last 72 months.
2. When repaying $2,500 at $30 per month, the loan repayment period is 110 months.