Investor Presentaiton
FFELP Loan Program Characteristics
Parameter
Subsidized Stafford
Unsubsidized Stafford
PLUS/Grad PLUS
Consolidation
Borrower
Needs Based
Student
Student
Parents or Graduate Students
Student or Parents
Yes
No
No
N/A
Federal Guarantee of Principal
and Accrued Interest
97 - 100%
97 - 100%
97 - 100%
97 - 100%
Interest Subsidy Payments
Yes
No
No
Yes
Special Allowance Payments
(SAP)
Yes
Yes
Yes 1
Original Repayment Term 2
120 months
120 months
Yes
120 months
Up to 360 months
Aggregate Loan Limit
Undergraduate: $23,000
Graduate: $65,500
Undergraduate ³: $57,500
Graduate: $138,500
None
1 Only applies for loans made between July 1, 1987 through January 1, 2000 if cap is reached.
2 Repayment Term may be extended through various repayment options including Income Driven Repayment plans and Extended Repayment.
3 Aggregate loan limit for a Dependent Undergraduate is $31,000.
Note: As of July 1, 2011.
©2021 Navient Solutions, LLC. All rights reserved.
None
III
24
224View entire presentation