- Fixed payment of at least $50 a month.
- Repayment term cannot exceed 10 years, excluding in-school, grace, deferment or forbearance periods.
- Payments are smaller at the beginning of repayment and gradually increase over time.
- No single payment may be more than three times greater than any other payment.
- Repayment term is generally 10 years.
- Payments are adjusted annually based on your monthly gross income.
- Payment amount must cover at least the interest due.
- Repayment term varies.
- You must demonstrate partial financial hardship to qualify.
- Payments are 15 percent of your discretionary income.
- Payments are adjusted annually based on your adjusted gross income and family size.
- Must have at least one Direct Loan or Federal Family Education Loan (FFEL) that is in grace, repayment, deferment, or default status.
- Loans that are in an in-school status cannot be included in a Direct Consilidation Loan.
- Borrowers can consolidate most defaulted education loans if they make satisfactory repayment arrangements with their current loan servicer(s) or agree to repay their new Direct Consolidation Loan under the Income Contingent or Income-Based Repayment Plan.