Repayment Plans : Stanford University

<!DOCTYPE html>     <html lang="en">  <head>  <title>Repayment Plans : Stanford University</title>   <meta charset="utf-8" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <meta name="author" content="Financial Aid Office at Stanford University" />  <meta name="description" content="Financial Aid Office at Stanford University--one of the world's leading research and teaching institutions. It is located in Palo Alto, California." /> <link rel="icon" type="image/png" href="https://www.stanford.edu/favicon.ico"/>   <link rel="stylesheet" href="../../assets/cardinal/css/bootstrap.min.css" type="text/css" /> <link rel="stylesheet" href="//netdna.bootstrapcdn.com/font-awesome/4.7.0/css/font-awesome.min.css" type="text/css" /> <link rel="stylesheet" href="../../assets/cardinal/css/base.min.css?v=0.1" type="text/css" /> <link rel="stylesheet" href="../../assets/cardinal/css/custom.css?v=0.1" type="text/css"/> <link rel="stylesheet" href="../../assets/cardinal/css/print.css" type="text/css" media="print" />     <script src="//ajax.googleapis.com/ajax/libs/jquery/1.8.2/jquery.min.js"></script> <script src="../../assets/cardinal/js/modernizr.custom.17475.js"></script> <script src="../../assets/cardinal/js/bootstrap.min.js"></script> <script src="../../assets/cardinal/js/bootstrap.youtubepopup.min.js"></script>   <script src="../../assets/cardinal/js/base.js?v=1.0"></script> <script src="../../assets/cardinal/js/custom.js"></script>  <link rel="stylesheet" href="/assets/cardinal/css/links.css" type="text/css"/>        </head>   <body class="nav-4"> <div id="su-wrap">  <div id="su-content">   <script async src="https://www.googletagmanager.com/gtag/js?id=G-Y58EHJMVGH"></script> <script> window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-Y58EHJMVGH'); </script>  <div id="top"> <div class="container">  <div id="skip"> <a href="#content" onClick="$('#content').focus()">Skip to content</a> </div>  </div> </div>   <div id="header" class="clearfix" role="banner"> <div class="container"> <div class="row"> <div class="col-md-8">  <div id="logo" class="clearfix"> <a href="https://www.stanford.edu/"><img class="img-responsive" src="https://financialaid.stanford.edu/assets/cardinal/images/stanford-white@2x.png" alt="Stanford University" /></a> </div>  <div id="signature"> <div id="site-name"> <a href="/"> <span id="site-name-1">Financial Aid</span> <span id="site-name-2">Optional line 2 - add two-line-signature to body class to display</span> </a> </div> </div> </div> </div> </div> </div>   <div id="mainmenu" class="clearfix" role="navigation" data-spy="affix" data-offset-top="60" data-offset-bottom="200"> <div class="container"> <div class="navbar navbar-default">  <button type="button" class="navbar-toggle btn-navbar" data-toggle="collapse" data-target=".navbar-collapse"> <span class="icon-bar"></span> <span class="icon-bar"></span> <span class="icon-bar"></span> <span class="menu-text">Menu</span></button>  <div class="navbar-collapse collapse">  <div id="nav-search" role="search"> <form action="/search/" method="get" id="search-form" accept-charset="UTF-8"> <h2 class="hidden">Search form</h2> <label class="hidden" for="search-field">Search term</label> <input name="cx" type="hidden" value="005252872952349847953:m_3bauv2bsg"> <input name="cof" type="hidden" value="FORID:9"> <input name="ie" type="hidden" value="UTF-8">  <input name="as_sitesearch" type="hidden" value="/"> <input title="Search string" class="input-medium" placeholder="Search Financial Aid…" type="text" id="search-field" name="q" value="" size="15" maxlength="128" /> <button id="search-btn" type="submit" name="submit" aria-label="Search" formmethod="get"><i class="fa fa-search"></i></button> </form> </div> <div role="navigation"> <div id="primary-nav" tabindex="0"> <ul class="nav navbar-nav" aria-label="primary navigation"> <li id="nav-1"> <a href="/undergrad/">Undergraduate Basics</a> </li> <li id="nav-2"> <a href="/grad/">Graduate Basics</a> </li> <li id="nav-3"> <a href="/aid/">Managing My Aid</a> </li> <li id="nav-4"> <a href="/loans/" title="Loans Link in Site Header">Loans</a> </li> </ul> </div> <div id="gateway-nav"> <h4><span class="fa fa-chevron-circle-right"></span>Information for...</h4> <ul id="gateways" class="pull-right" aria-label="gateways"> <li id="nav-5"><a href="/site/forms" title="FAO forms link in site header"><i class="fa fa-pencil fa-fw"></i>Forms</a></li> <li id="nav-6"><a href="/parents">Parents</a></li> <li id="nav-7"><a href="/faculty_staff">Faculty / Staff</a></li> </ul> </div> </div> </div>  </div>  </div>  </div>   <div id="content" class="container" role="main" tabindex="0"> <h1 class="Loan Repayment">Loan Repayment</h1> <div class="row">  <div id="main-content" class="col-md-6 col-md-push-3" role="main">  <h2>Repayment Plans</h2> <p>Borrowers of federal student loans are automatically enrolled into the Standard Repayment Plan after graduation. Borrowers can then decide to remain in the Standard Repayment Plan or choose a different plan. The Repayment Plans range from 10 to 25 years for repayment. Borrowers can find more detailed information about all of the Repayment Plans listed below on the federal <a href="https://studentaid.gov/h/manage-loans" target="_blank" class="external">studentaid.ed.gov</a> website.</p> <table summary="Repayment Plan Details"> <tr> <th scope="col">Repayment Plan Type</th> <th scope="col">Payment Type and Length</th> <th scope="col">Comments</th> </tr> <tr> <td>Standard</td> <td>Fixed monthly payments ($50 minimum) for 10 years</td> <td>Borrowers will pay less interest under this plan.</td> </tr> <tr> <td>Graduated</td> <td>Increasing monthly payments for 10 years</td> <td>Good for borrowers who have a limited income in first years after graduation but anticipate income increasing annually.</td> </tr> <tr> <td>Extended</td> <td>Monthly payments that may be fixed or graduated for 25 years</td> <td>Payments will be less but the borrower will pay more interest.</td> </tr> <tr> <td>Income Based (IBR)</td> <td>Monthly payments based on income (15% of discretionary income.) After 25 years of qualifying monthly payments the remaining loan balance is forgiven.</td> <td>Borrower must have a financial hardship and qualify. Borrower has lower monthly payments but pays more interest.</td> </tr> <tr> <td>Income Sensitive (ISR) (FFEL Loans only)</td> <td>Monthly payments based on income for 10 years.聽Similar to the ICR but for FFEL Loans.</td> <td>Borrower must have a financial hardship and qualify annually. A borrower has lower monthly payments for a time period but pays more interest.</td> </tr> <tr> <td>Income Contingent (ICR) (Direct Loans only)</td> <td>Monthly payments based on income (20% of discretionary income.) After 25 years of qualifying monthly payments the remaining loan balance is forgiven.</td> <td>Borrower must have a financial hardship and qualify. Borrower has lower monthly payments but pays more interest.</td> </tr> <tr> <td>Pay As You Earn (Direct Loans only)</td> <td>Monthly payments based on income (10% of discretionary income.) After 20 years of qualifying monthly payments the remaining loan balance is forgiven.</td> <td>Borrower must have a financial hardship and qualify. Must have been new borrower as of 10/1/07 and received a disbursement after 10/1/11.</td> </tr> </table> <h3>Repayment Calculators</h3> <p>Below are two loan repayment calculators that can help borrowers compute estimated loan payments.</p> <ul> <li><a href="https://bigfuture.collegeboard.org/pay-for-college/loans/student-loan-calculator" target="_blank" class="external">College Board Online Calculator</a></li> <li><a href="https://studentaid.gov/loan-simulator/" target="_blank" class="external">Federal Student Aid Loan Simulator</a></li> </ul>  <span style="font-size:10px;">Updated on September 29, 2022 10:36 AM</span></div>  <div id="sidebar-first" class="col-md-3 col-md-pull-6"> <div class="sidebar-nav" role="navigation">  <h2>CONTENTS</h2> <ul class="nav" > <li><a href="index.html">Overview</a></li> <li><a href="exit.html">Exit Counseling</a></li> <li><a href="plans.html" class="toc_current">Repayment Plans</a></li> <li><a href="consolidation.html">Loan Consolidation</a></li> <li><a href="forgiveness.html">Loan Forgiveness</a></li> <li><a href="default.html">Loan Default and Disputes</a></li> </ul>  </div>   </div>   <div id="sidebar-second" class="col-md-3" role="complementary">  <div class="info-box"> <div class="icon-container"> <i class="fa fa-exclamation-circle fa-4x"></i> </div> <div class="text-container"> <h2>Important</h2> <p>Loan processing for the 2024–2025 academic year will begin in mid-August 2024. If you are a first-time borrower, and you have accepted your loan offer in Axess, please check your To Do List in Axess by mid-August for instructions on completing online loan counseling and signing your promissory note.</p> </div> </div>   </div>  </div> </div>  </div>  </div>   <div id="footer" class="clearfix footer" role="contentinfo">  <div class="container"> <div id="footer-content" class="row"> <div id="social-icons" class="col-xs-12 col-sm-3"> <div class="block"> <h3>Connect with us</h3> <ul class="footer-list"> <li> <a href="https://www.youtube.com/c/StanfordFinancialAid"><img alt="YouTube" src="https://financialaid.stanford.edu/assets/cardinal/images/social/youtube@2x.png" /></a> </li> </ul> </div> </div> <div class="col-xs-12 col-sm-3"> <div class="block"> <h3>Visit Campus</h3> <ul class="footer-list"> <li><a href="https://visit.stanford.edu/">Visitor Information</a></li> <li><a href="https://campus-map.stanford.edu/">Campus Map</a></li> </ul> <h3>Apply</h3> <ul class="footer-list"> <li><a href="https://admission.stanford.edu/">Undergraduate Admission</a></li> <li><a href="https://gradadmissions.stanford.edu/">Graduate Admission</a></li> </ul> </div> </div> <div class="col-xs-12 col-sm-3"> <div class="block"> <h3>Resources</h3> <ul class="footer-list"> <li><a href="https://vpge.stanford.edu/gateways/new-students">Gateway for New Grad Students</a></li> <li><a href="https://studentservices.stanford.edu/" title="Student Services Center link in footer">Student Services Center</a></li> <li><a href="https://mindovermoney.stanford.edu">Mind Over Money</a></li> </ul> <h3>Financial Aid Offices</h3> <ul class="footer-list"> <li><a href="https://www.gsb.stanford.edu/programs/mba/financial-aid">Graduate School of Business</a></li> <li><a href="https://law.stanford.edu/office-of-financial-aid/">Law School</a></li> <li><a href="https://med.stanford.edu/md/financial-aid.html">School of Medicine</a></li> </ul> </div> </div> <div id="hp-buttons" class="col-xs-12 col-sm-3"> <ul> <li><a href="/site/faq" class="btn btn-u btn-block"><i class="fa fa-question fa-fw"></i> <span>FAQ</span></a> </li> <li><a href="https://axess.sahr.stanford.edu" class="btn btn-u btn-block" title="Axess link in footer"><i class="fa fa-key fa-fw"></i> <span>AXESS</span></a> </li> <li><a href="/contact" class="btn btn-u btn-block" title="Contact Us link in footer"><i class="fa fa-comment-o fa-fw"></i> <span>Contact Us</span></a> </li> </ul> </div> </div> </div>   <div id="global-footer"> <div class="container"> <div class="row"> <div id="bottom-logo" class="col-xs-6 col-sm-2"> <a href="https://www.stanford.edu"> <img src="//financialaid.stanford.edu/assets/cardinal/images/footer-stanford-logo@2x.png" alt="Stanford University" width="120" height="56"/> </a> </div>  <div id="bottom-text" class="col-xs-6 col-sm-10"> <ul> <li class="home"><a href="https://www.stanford.edu">Stanford Home</a></li> <li class="maps alt"><a href="https://visit.stanford.edu/plan/">Maps & Directions</a></li> <li class="search-stanford"><a href="https://www.stanford.edu/search/">Search Stanford</a></li> <li class="emergency alt"><a href="https://emergency.stanford.edu">Emergency Info</a></li> </ul> <ul id="policy-links"> <li><a href="https://www.stanford.edu/site/terms/" title="Terms of use for sites">Terms of Use</a></li> <li><a href="https://www.stanford.edu/site/privacy/" title="Privacy and cookie policy">Privacy</a></li> <li><a href="https://uit.stanford.edu/security/copyright-infringement" title="Report alleged copyright infringement">Copyright</a></li> <li><a href="https://adminguide.stanford.edu/chapter-1/subchapter-5/policy-1-5-4" title="Ownership and use of Stanford trademarks and images">Trademarks</a></li> <li><a href="https://exploredegrees.stanford.edu/nonacademicregulations/nondiscrimination/" title="Non-discrimination policy">Non-Discrimination</a></li> <li><a href="https://www.stanford.edu/site/accessibility" title="Report web accessibility issues">Accessibility</a></li> </ul> </div>  <div class="clear"></div> <p class="copyright vcard col-sm-10">© <span class="fn org">Stanford University</span>. <span class="adr"> <span class="locality"> Stanford</span>, <span class="region">California</span> <span class="postal-code">94305</span></span>.</p> </div>  </div>  </div>  </div>  <script src="https://financialaid.stanford.edu/assets/cardinal/js/tracking.js?v=1.0"></script>  <script type="text/javascript"> $(window).on('scroll', function(){ var position = $(this).scrollTop(); if(position > 60) { $('#mainmenu').addClass('sticky-nav'); } else { $('#mainmenu').removeClass('sticky-nav'); } }); </script>   <script type="text/javascript"> /*<![CDATA[*/ (function() { var sz = document.createElement('script'); sz.type = 'text/javascript'; sz.async = true; sz.src = '//siteimproveanalytics.com/js/siteanalyze_80352.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(sz, s); })(); /*]]>*/ </script>  <script type="text/javascript" src="https://ai.ocelotbot.com/embed/standard/e3e5b0d5-933d-4e12-8715-55143d253a73?ha=right&hv=16px&va=bottom&vv=16px&ts=0&bs=calloutBubble&av=0"></script>    </body> </html>

CINXE.COM

Repayment Plans : Stanford University