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Federal student loans offer fairly flexible repayment terms, including 10-year fixed repayment, graduated repayment, or income-based repayment for up to 25 years. To find out more about repayment options for Federal Direct Loans, contact the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243), or visit Direct Loans.

Federal loans offer other benefits. For example, students working in public service or in the military may be eligible for loan forgiveness. Or, if students have special circumstances, such as going back to school, losing a job, getting married, or having a child, they may be able to apply for forbearance or deferment. Check with the servicer for details.

Don't know who your servicer is? Visit the National Student Loan Database and log in with your Federal Student Aid username to view a comprehensive history of your student loan activity.

Private alternative loan repayment terms vary by lender.

Exit Counseling

All borrowers of federal loans must complete exit counseling before repayment begins. For details, visit http://www2.indstate.edu/finaid/exit_counseling.htm.


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