Financial
Aid - Extended Repayment
| While AFC
has temporarily suspended funding of traditional
Consolidation loans, you may be able to LOWER
your monthly payment with an Extended Repayment
Plan. |
|
Regardless of the owner of your loans or where the
loans are serviced, if you have loans of $30,000 or
above, AFC can still extend your terms from 10 to 25
years and significantly lower your monthly payments.
The benefits of Extended Repayment include:
- Lower monthly payments
- No pre-payment penalty so you can still make more
than the minimum monthly payment if you prefer
- Keep any existing repayment benefits
- Loans remain at the existing servicer1
- Simple application process.
- Payment term extended from 10 years to 25 years
1 - We can assist with the notification of your loan
servicers in moving your payment plan(s) to the Extended
Repayment Option. Contact AFC
for more information about Extended Repayment.
|
