Standard Repayment Plan (for eligible borrowers)

URI: https://gptkb.org/entity/Standard_Repayment_Plan_(for_eligible_borrowers)
GPTKB entity
Statements (23)
Predicate Object
gptkbp:instanceOf gptkb:Student_loan_repayment_plan
gptkbp:alternativeTo gptkb:Graduated_Repayment_Plan
gptkb:Income-Driven_Repayment_Plans
gptkbp:appliesTo gptkb:Direct_Loans
gptkb:Parent_PLUS_Loans
Consolidation Loans (Direct and FFEL)
Federal Family Education Loan (FFEL) Program loans
gptkbp:award Standard interest accrual applies
gptkbp:canChangeTo Other federal repayment plans
gptkbp:eligibility All borrowers with eligible federal student loans
gptkbp:filingMethod 10 years
gptkbp:goal Pay off loan in shortest time with lowest total interest
gptkbp:minimumMonthlyPayment $50
gptkbp:monthlyPayment Fixed amount
Higher than most income-driven plans
gptkbp:monthlyPaymentCalculation Based on loan amount and interest rate
gptkbp:offeredBy gptkb:U.S._Department_of_Education
gptkbp:prepaymentPenalty No prepayment penalty
gptkbp:requires Public Service Loan Forgiveness (as qualifying payment plan)
gptkbp:startDate After end of grace period
gptkbp:bfsParent gptkb:Income-Based_Repayment_(IBR)
gptkbp:bfsLayer 7
https://www.w3.org/2000/01/rdf-schema#label Standard Repayment Plan (for eligible borrowers)