What repayment options are available for student loans through Simple Tuition?
Simple Tuition offers various repayment options for student loans that provide flexibility and convenience to borrowers. Our repayment plans include standard repayment, graduated repayment, income-based repayment, and extended repayment. The standard repayment plan allows borrowers to make fixed monthly payments for a set term. Graduated repayment starts with lower payments that gradually increase over time. Income-based repayment adjusts monthly payments based on the borrower's income and family size. Extended repayment extends the loan term, resulting in lower monthly payments. In addition, we offer options for borrowers facing financial hardships, such as deferment or forbearance. Borrowers can choose the repayment plan that best suits their financial situation and goals, ensuring a manageable and affordable student loan repayment experience.
Answered May 3, 2024
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