You must be experiencing a partial financial hardship to initially select this plan and once you select this plan you cannot change to any other plan except standard.For more in-depth information on the repayment plans, please see our Repayment Plans page Can I later on change my repayment plan?This notation will remain on your credit history for seven years.
You have two payment options: – Fixed Monthly Payment Option: You will pay a fixed amount each month until your loans are paid in full.
– Graduated Monthly Payment Options: Your minimum payment amount will be at least $50 or the amount of interest accrued monthly, whichever is greater.
Back to Top No, if you want to clear the default notation, you will need to contact your loan holder to discuss rehabilitation with them.
If you decide to consolidate while in default, your default notation in your credit will also show that the loan was paid off in full.
Eligible Health Professions: • Health Professions Student Loans (HPSL) • Health Education Assistance Loans (HEAL) • Loans for Disadvantaged Students (LDS) • Nursing Student Loans (NSL) Benefits of consolidating these loans would include lowering your monthly payment, having a longer repayment period, and having one single monthly payment.