1. Shannon Osborne Financial Aid

2.  National Student Loan Data System – www.nslds.ed.gov (who is your Servicer) www.nslds.ed.gov  6 months Grace period  Consolidation through www.studentloans.govwww.studentloans.gov

3. Repayment PlanPayment and Time FrameOther Information Standard Repayment Fixed Payments 10 Years Pay less over time Graduated Repayment Payment Increases every 2 years 10 Years Pay more over time Extended Repayment Fixed or Graduate Payments 25 Years Debt 30k or more Lower monthly pay Revised Pay As You Earn (REPAYE) 10 % Discretionary Income 20 or 25 Years Both spouses income Forgiveness PSLF Taxed even with PSLF Pay As You Earn (PAYE) 10 % Discretionary Income 20 Years New borrow after 10/1/07 Forgiveness PSLF Separate spouses income Not taxed if PSLF Income Based Repayment (IBR) 15 % Discretionary Income 20-25 Years Separate spouses income Forgiveness PSLF Not taxed if PSLF Income Contingent Repayment (ICR) 20 % Discretionary Income 25 Years Repay DL jointly with spouse Separate spouses income Forgiveness PSLF Not taxed if PSLF https://studentaid.ed.gov/sa/repay-loans/understand/plans

4.  How does repayment work? How does repayment work?  Anniversary Date = Re-enter into Plan  Forgiveness options available  Caps monthly payment based on Standard Repayment in the beginning  More interest because of longer repayment schedule  www.studentloans.gov for electronic applications www.studentloans.gov

5.  Public Service Loan Forgiveness (PSLF)  Forgiveness of remaining balance after 120 payments (principle, interest and tax free)  Only for non-defaulted loans made under the Direct Loan Program (not Perkins, FFEL or Private)  Only payments made after October 1, 2007 may be counted toward 120 payments  Employment Certification Form Employment Certification Form

6.  Forbearance allows students to stop making loan payments for up to 12 months (interest will still accrue)  Forbearance can be granted for financial hardship or illness  Students will need to work with their servicer to request forbearance  Forbearance does not qualify for PSLF

7. Jennifer Quinn Assistant Director, Graduate Financial Aid jennifer.quinn@du.edu (303) 871-4098 Financial Aid finaid@du.edu (303) 871-4020 Shannon Osborne Financial Aid Advisor, Graduate Financial Aid shannon.osborne@du.edu (303) 871-7584