Which repayment plan will you be placed on automatically unless you change it by contacting your servicer?
Monday, January 09, 2023
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Question: Which repayment plan will you be placed on automatically unless you change it by contacting your servicer?
If you do not select a different repayment plan, you will automatically be placed on the Standard Repayment Plan. This plan has a repayment period of up to 10 years and a fixed monthly payment that depends on your loan balance and interest rate. This plan offers the best overall savings, but payments may be higher than with other plans.
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