Repayment Terms

Maximum Repayment Length

The length of your repayment is dependent upon the sum of your consolidation loan and the amount of your other education loans. Note: The sum of the other education loans used to set your repayment term may not exceed the amount of your consolidation loan. The repayment terms are:

Less then $7,500	=	10 years
$7,500 to $9,999	=	12 years
$10,000 to $19,999	=	15 years
$20,000 to $39,999	=	20 years
$40,000 to $59,999	=	25 years
$60,000 and above	=	30 years

Additional Repayment Term Information
	Extending your repayment term increases your interest expense and total costs.
	Your consolidation loan will be processed using the maximum repayment term as indicated above.
	Once you have received your loan consolidation disclosure, you may contact our servicer to request a shorter repayment term. Your monthly payments will be recalculated based upon the shorter term.
	There is no penalty for prepayment.