Standard Repayment Plan (for eligible borrowers)
GPTKB entity
Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
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
|
| https://www.w3.org/2000/01/rdf-schema#label |
Standard Repayment Plan (for eligible borrowers)
|
| 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
|