Investor Presentaiton
Unemployment Deferment - 2 years (2)
Today's federal repayment options are numerous and
complex
Forbearance
Discretionary Forbearance
Hardship Forbearance
Mandatory Forbearance
•
Medical or Dental Internship Residency
Department of Defense Student Loan Repayment
Programs
National Service
Active Military State Duty
Student Loan Debt Burden
Teacher Loan Forgiveness
Mandatory Administrative Forbearance
Local or National Emergency
Military Mobilization
Designated Disaster Area
Repayment Accommodation
Teacher Loan Forgiveness
Borrower Defense to Repayment
Forgiveness
Forbearance
Forgiveness
Deferments
Repayment
Plans
Deferment
1.
School (1)
2.
School Full-Time (2)
3.
School Half-Time (2)
4.
Post Enrollment (1)
5.
Graduate Fellowship (3)
6.
7.
8.
9.
1.
Teacher Loan Forgiveness
2.
Loan Forgiveness for Service in Areas of National Need
3.
Civil Legal Assistance Attorney Student Loan Repayment Program
45678
4.
Income Contingent Repayment Plan Forgiveness
5.
Income Based Repayment Plan Forgiveness
6.
Pay As You Earn Repayment Plan Forgiveness
7.
8.
Income Based 2014 Repayment Plan Forgiveness
REPAYE Repayment Plan Forgiveness
9.
Public Service Loan Forgiveness
Effective Date Details
(1) Limited to FFELP borrowers with all new loans made on or after July 1, 1993; All DL are eligible.
(2) Limited to FFELP borrowers with all loans made on or after July 1, 1987 and prior to July 1, 1993; DL eligible if
borrower has FFELP loan made during this period.
(3) All FFELP and DL loans eligible regardless of disbursement date
(4) HERA aligned FFELP and DL repayment plans for loans first entering repayment on or after July 1, 2006.
(5) Pre July 1, 1996, ICR plans, the DL borrower can choose between ICR1 - the Formula Amount, or ICR2 - the Capped
Amount.
(6) The DL borrower can request from 5 alternative repayment plans: Fixed Payment Amount, Fixed Term,
Graduated Repayment, Negative Amortization, or Post REPAYE.
© 2021 Navient Solutions, LLC. All rights reserved.
Unemployment Deferment - 3 years (1)
Economic Hardship (1)
Rehabilitation Training Program (3)
10. Military Service (3)
11. Post-Active Duty Student (3)
12. Teacher Shortage(2)
13. Internship/Residency Training (2)
14. Temporary Total Disability (2)
15. Armed Forces or Public Health Services (2)
16. National Oceanic and Atmospheric
Administration Corps (2)
17. Peace Corps, ACTION Program, and Tax-
Exempt Organization Volunteer (2)
18. Parental Leave (2)
19. Mother Entering/Re-entering Work Force (2)
20. Cancer Treatment Deferment
Repayment plans
1.
2.
3.
4.
4 5 6 7 ∞o
6.
7.
8.
9.
DL Standard Pre-HERA
FFELP/DL Standard Post-HERA (4)
DL Graduated Pre-HERA
FFELP/DL Graduated Post-HERA (4)
DL Extended Pre-HERA
FFELP/DL Extended Post-HERA (4)
Income-Sensitive
Income-Contingent Ver. 1 (5)
Income-Contingent Ver. 2 (5)
10. Income-Contingent Ver. 3
11. Forced Income-Driven
12.
Income-Based
13. Pay As You Earn
14.
Income-Based 2014
15. Alternative (6)
16. REPAYE
|||
37View entire presentation