What repayment terms are available for a Student or Parent loan?

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Last Updated: April 30, 2022

Undergraduate / Career Loans:
You can choose a repayment term of 5, 8, 10 or 15 years.

There are no penalties for prepayment.

Graduate Loans:
You can choose a repayment term of 5, 8, 10 or 15 years for our graduate school loan.

Health professions including medical and dental school loans, as well as law school loans, can choose a repayment term of 5, 8, 10, 15 or 20 years.

There are no penalties for prepayment.

Parent Loans:
You can choose any repayment term that works for you, so long as it is between 5 and 15 years.

There are no penalties for prepayment.

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