Student Loan Archives

Yes, for on time monthly payments that does not decrease the principal balance by at least $50, the government will pay the difference up to $50. Please see some examples below.

Student 1’s monthly payment is $200. $170 of that payment goes to the outstanding interest and $30 of that payment goes to the principal balance. The government will pay $20 towards the principal balance.
Student 2’s monthly payment is $100. All $100 of that payment will go towards the outstanding interest and none of it will go towards the principal balance. The government will pay $50 towards the principal balance.
Student 3’s monthly payment is $400. $200 of that payment goes to the outstanding interest and $200 of that payment goes to the principal balance. The government will not apply any extra payments to the principal.

Starting on July 1, 2027, borrowers will have the chance to rehabilitate their federal student loans out of default at least 2 times per loan. If they default more than 2 times per loan, then the loan will remain in default until paid off or consolidated into brand new loans. The minimum payment to be made during the rehabilitation process will be $10. If the borrower decides to consolidate their federal student loans, if the loan is disbursed on/after July 1, 2026, their repayment plan options will be the new Standard and RAP.

If a student is currently enrolled in their program of study and is borrowing federal student loans to help pay the higher education institution, the student will have up to 3 academic years to complete their program of study. If they do not complete their degree in that 3-year time frame, the student will be subject to the federal student loan limits that were implemented on July 1, 2026.

Yes, it appears the school and the student’s enrollment status (i.e., part or full time) will still be a part of the amount of student loans a student may borrow. If the student is less than full time, they will not be able to borrow the maximum amount of federal student loans. Examples of enrollment statuses are below.

Enrolled Full Time
Enrolled Half Time
Enrolled Less Than Half Time

Yes, starting July 1, 2026, a student may only borrow $257,500 in federal student loans during their lifetime. This limit does not include any Parent PLUS Loans or Direct PLUS Graduate Loans. repaid, forgiven, discharged, or cancelled will be included in the overall lifetime limit for federal student loans. Examples listed below:

Student 1 went to school and paid $257,500 in 2015. Out of that total amount, $100,000 was Direct PLUS Graduate Loans. They want to go back to school and registered to start October 1, 2026. What is the amount student 1 may borrow for federal student loans?
- Student 1 may borrow $100,000 due to the exception of Direct PLUS Graduate Loans listed in OBBBA.
Student 2 went to school and took a break for a few years. They only borrowed $200,000 for their graduate program, and they are currently paying the loans off. None of the loans that were taken out for school were Direct Plus Graduate Loans. They are set to start back at school on January 1, 2030, for their doctorate (professional degree). What is the amount student 2 may borrow for federal student loans?
- Student 2 may borrow $57,500 due to the overall limit listed in OBBBA.
- Student 2 has since, paid back $10,000 of their student loans already. Can they now borrower $67,500?
  - No Student 2 will be limited to only borrowing $57,500, due to the overall limit listed in OBBA.

Parents will be allowed to borrow (Parent PLUS Loans): The annual (yearly) federal student loan limit, per student, will be $20,000.
The aggregate, maximum, Parent PLUS Loans a parent will be allowed to borrow per student’s degree is $65,000.
Both parents will not be allowed to borrow the same annual (yearly) or aggregate, maximum, federal student loan limit for the same Examples listed below:
- Parent 1 borrows the limit of $65,000 for Susie to go to school. Parent 2 will not be able to borrow any money for Susie due to Parent 1 reaching the limit.
- Parent 1 borrows the limit of $65,000 for Susie to go to school. Parent 2 can borrow another $65,000 for Susie’s brother Frank, to go to school.

The law changed the lifetime limit for professional borrowers. Starting July 1, 2026, the professional student will be subject to a lifetime federal student loan limit.

First year and beyond as a professional student: The annual (yearly) federal student loan limit will be $50,000.
The aggregate, maximum, student loan limit for a professional student: is $200,000.

The law changed the lifetime limit for graduate borrowers. Starting July 1, 2026, the graduate student will be subject to a federal student loan limit.

First year and beyond as a graduate student: The annual (yearly) federal student loan limit will be $20,500.
The aggregate, maximum, student loan limit for a graduate student is $100,000.

The law changed the total lifetime limit for undergraduate borrowers. Starting July 1, 2026, the undergraduate student will be subject to a lifetime federal student loan limit.

First year as an undergraduate student: The annual (yearly) federal student loan limit will be $9,500. Out of this total, $3,500 may be in subsidized federal student loans.
Second year as an undergraduate student: The annual (yearly) federal student loan limit will be $10,500. Out of this total, $4,500 maybe be in subsidized federal student loans.
Third year and beyond as an undergraduate student: The annual (yearly) federal student loan limit will be $12,500. Out of this total, $5,500 may be in subsidized federal student loans.
The aggregate, maximum, federal student loan limit for an undergraduate is $57,500. Out of this total, $23,000 may be in subsidized loans.

Starting July 1, 2026, Graduate or Professional PLUS loans will no longer be available. There will also be a total limit for federal Direct Unsubsidized Stafford Loans.

No, the lowest possible monthly payment a borrower could have on the RAP would be $10. The monthly payment could be calculated to be more than $10 since this plan’s monthly payment calculations is based on income and family size.

Yes, if the monthly payment does not cover all interest due, then the remaining interest not paid by the borrower will not be owed.

If during your medical or dental residency you are working for a qualifying nonprofit or public service hospital, you may still pursue PSLF after training. Time spent in residency and fellowship while working at a qualifying nonprofit or public service hospital, will also continue to count towards the required 120 monthly payments. The qualifying payments do not need to be consecutive, but they will only count from October 1, 2007, forward.

Starting July 1, 2027, economic hardship and unemployment deferments will no longer be available. There will still be a forbearance option, but it will be limited to 9 month increments during any 24-month (2 year) period. Federal loan servicers will still have the option to place borrowers in temporary forbearances throughout the life of the loans.

If the Parent PLUS loans are disbursed and/or consolidated on/after July 1, 2026, the only repayment option will be the new Standard Repayment Plan. If the parent is pursuing forgiveness under the Public Service Loan Forgiveness Program (PSLF), their only option to attempt forgiveness under that program is with the repayment term of 10 years. As a result, there is a likelihood that the loans would be paid off prior to or around the same time as PSLF forgiveness eligibility.

If the parent wants to pursue forgiveness under their respective PSLF or IDR programs, they will need to review the below options for those Parent PLUS loans and take the necessary steps to submit applications before June 30, 2026.

The available IDR plan is currently ICR until the Department of Education implements the changes to the IBR program. DOE is expected to release further details but exactly when is not yet known.
To be eligible for ICR, and in the future, IBR, the parent will have to consolidate the Parent PLUS loans, which will need to have a disbursement date prior to July 1, 2026.
- If the disbursement date is on or after July 1, 2026, their only repayment option will be the new Standard Repayment Plan.

Yes, it appears that will continue to be an option when the IDR application is filled out. It appears there will also be an opportunity to opt out of automatic recertification.

Elimination of Partial Financial Hardship Requirement, which means there will no longer be an income limit.
Eligibility for consolidated Parent PLUS loans, excluding loans consolidated on/after July 1, 2026, ICR was previously the only eligible IDR plan.
Repayment term will still be the same with the repayment term options being 20-25 years and the possibility of forgiveness.
- 20-year repayment term requirement: First borrowed loans on or after July 1, 2014. Uses 10% of discretionary income to calculate monthly payment.
- 25-year repayment term requirement: First borrowed loans prior to July 1, 2014. Uses 15% of discretionary income to calculate monthly payment.

Please note, some timelines for implementing the new changes are still uncertain. The Department of Education is expected to release further details. Please check studentaid.gov for the most up to date information.

If the borrower recently consolidated their loans or has loans disbursed on/after July 1, 2026, they will only have the opportunity to apply for the two new repayment plans, Standard and RAP.

If the borrower is currently on an IDR plan or does not take out any new loans including consolidation, they will have the opportunity to apply for the IBR Plan from now until June 30, 2028. They will need to proactively apply for IBR. If they do not apply for IBR by June 30, 2028 then they will be placed on the RAP plan starting July 1, 2028. Since consolidated Parent PLUS borrowers are currently only eligible for ICR, once IBR becomes available for enrollment they will need to apply for IBR since that will be their only IDR option.

The RAP plan will be based on a percentage of the borrower’s adjusted gross income. Adjusted gross income will be divided by 12, and then $50 will be subtracted from any dependents listed on the borrower’s tax return. If a dependent is not on the borrower’s tax return, then they will not be included in the RAP calculation. This means that if a borrower is married and files their taxes separately from their spouse, but the spouse claims the dependent on their tax return, the family size that will be used will be 2 instead of 3. Previously, with the other IDR plans, poverty level was considered with the calculation, and the family size wasn’t dependent on the tax return.

The new Standard Repayment Plan uses the borrower’s loan balance, and the repayment term will range from 10 years to 25 years. Below are some possible examples for how the repayment terms will be implemented:

$25,000 or less with a repayment term of 10 years
$25,000–$50,000 with a repayment term of 15 years
$50,000–$100,000 with a repayment term of 20 years
$100,000 or more with a repayment term of 25 years

The two new repayment plans that will be available for borrowers who take out a new federal student loan on/after July 1, 2026 (aka “new borrowers”), including consolidation, are the Standard Repayment Plan and the Repayment Assistance Plan (RAP). The Standard Repayment Plan uses the borrower’s loan balance to determine the length of repayment and payment amount. The RAP uses the borrower’s loan balance, income, and family size to determine the monthly payment. The repayment term will be 360 months or 30 years, with the possible opportunity for forgiveness. The RAP plan is still an available plan for the PSLF program as well as the Standard 10-year Repayment Plan.

The bill will create a new Income-Driven Repayment Plan and adjust the current Standard Repayment Plan which will impact repayment options for borrowers and Parent PLUS borrowers with any loans disbursed after July 1, 2026. This will also end some of the current IDR plans, SAVE, PAYE, and ICR.
After July 1, 2026, new borrowers and new Parent PLUS borrowers will be subject to the new federal student loan limitations.
After July 1, 2027, borrowers and Parent PLUS borrowers who cannot afford to make their federal student loan payments will be limited on forbearance length and frequency. Some deferment options will no longer be an option.
After July 1, 2027, federal student loans in default will have the opportunity to rehabilitate the loans 2 times.
After July 1, 2028, RAP, Standard and IBR will be the only available repayment plans.

Starting August 1, 2025, borrowers who are still enrolled in the SAVE IDR program will start to have interest accrue on their loans even though the loans will remain in forbearance.
- Borrowers still have the option to pay, even though payments are not due, but the payments will not count towards the respective PSLF or IDR forgiveness programs.
- Borrowers are encouraged to look at other available IDR repayment options like PAYE, ICR, and IBR
Starting July 1, 2026, new borrowers repayment options will be limited and new borrowers will be subject to limits on the amount of federal student loans they can obtain.
- If a borrower is still working on their program of study, they will not be impacted by the federal student loan limitations right away. They will have 3 academic years to complete their program of study before subject to the new limits.
Now until June 30, 2028, all borrowers will have the option to still be enrolled in their respective repayment plans, but they will need to start reviewing their options to change their repayment plans to IBR, Standard, or RAP.
Now until June 30, 2027, all borrowers will still have the same payment postponement options for their federal student loans.
Now until June 30, 2026, new borrowers who are looking for repayment options, will have all current repayment plans available.
Starting July 1, 2026,borrowers on or after this date will be able to switch between repayment plans, the new Standard and RAP plans.
Starting July 1, 2028, and moving forward, if borrowers who are currently on the IBR plan want to switch plans, they will only have the new Standard and RAP as options. They will not be able to reapply for IBR at all.

The President signed the bill on Friday, July 4, 2025, which made it law.

Income-Driven Repayment (IDR) was introduced to provide federal student loan borrowers with options other than forbearance to help make monthly payments more manageable. Different IDR options include Income-Based Repayment (IBR), Income-Contingent Repayment (ICR), and Pay As You Earn (PAYE). All IDR plans adjust federal borrower’s payments based on their adjusted gross income and family size – not how much they owe. Those pursuing Public Service Loan Forgiveness (PSLF) are typically enrolled in an IDR plan.

Our student loan consultation is designed to explore your federal and private student loan repayment options, so you will need to upload a federal student aid file before you can schedule your Laurel Road consultation. After submitting your initial consultation form, you'll receive an email with a link to our secure online portal where you'll be asked to provide a number of items to build out your profile so that your consultant can give you the most accurate assessment based on your unique situation. This information will include:

Types of loans that you currently hold (federal, private, direct, subsidized, unsubsidized, etc.)
For your federal loans, you will be asked to provide the My Aid Data file, which you can obtain via your studentaid.gov account
The balance and interest rate for each of your loans
Current payment schedule
Authorization to conduct a soft credit pull, which will not impact your credit score

Once your profile is complete, you will be able to schedule your free student loan consultation. Please note, if you do not have any federal student loans, you will not be able to schedule a consultation. If you only have private student loans, you can check your refinancing options here.

In 2024, the Department of Education (ED) conducted a one-time account adjustment to borrower accounts that will count time toward IDR and PSLF forgiveness, including:

any months in a repayment status, regardless of the payments made, loan type, or repayment plan;
12 or more months of consecutive forbearance or 36 or more months of cumulative forbearance;
months spent in economic hardship or military deferments after 2013;
months spent in any deferment (with the exception of in-school deferment) prior to 2013; and
any time in repayment on earlier loans prior to consolidation of those loans into a consolidation loan.

PSLF is a US government program that allows qualifying borrowers employed at nonprofits and government entities to have their Federal Direct Loans forgiven after ten years of qualifying repayment (120 payments total), usually under an Income-Driven Repayment (IDR) plan. To be eligible for the program, you must:

Be employed by a qualifying nonprofit OR a US government organization at any level (federal, state, local, or tribal) – including US military service
Work full-time for that agency or organization
Have Federal Direct Loans (or consolidate other federal student loans into a Direct Loan)
Be enrolled in a qualifying repayment plan
Make 120 qualifying payments

For more information, go to the Federal Student Aid website at StudentAid.gov/publicservice.

For borrowers with federal student loans, or a combination of federal and private loans, our student loan experts can help you weigh your options. During your consultation, a specialist will break down your student loan profile, provide a chart on what your new loan payoff could look like, answer questions about what terms are the best for your unique situation, and answer any application questions you may have. If refinancing is determined to be your best option, they can help you understand what information impacts the interest rate that you might expect to be offered on your loan refinancing. Items such as your FICO score, income level, student loan balance, and current interest rate structure can impact your offer, and your specialist can walk you through how to qualify for the lowest rates on your loans.

Laurel Road offers a few different payment options while in school. Full deferment: You can defer your interest payments while enrolled in school, in addition to the six-month grace period following graduation or termination of enrollment. Afterward, unpaid accrued interest is added to your loan balance and you will begin making full principal and interest payments. *Flat $50 payments: You can make monthly payments of $50 beginning approximately one month after the final loan disbursement date up until completion of the six-month grace period. Afterward, unpaid accrued interest is added to your loan balance and you will begin making full principal and interest payments. *Interest-only payment: You can choose to pay only the interest each month while you’re in the deferment period. This is a great way to make a dent in your interest while in school, without having to make the full repayment. Payments begin 1 month after each final loan disbursement date up until completion of the six-month grace period. Afterward, you will begin making full principal and interest payments. *Immediate Repayment payment: You can pay the full principal and interest payment every month while you’re in school. This plan is for students who want to begin paying down their student loans while enrolled in school. *When selecting a flat, interest-only, or an immediate repayment option, payment is required only after the final disbursement for loans with multiple disbursements. Interest will accrue between disbursements and will be added to the principal amount of your loan at the beginning of the full repayment period. For more information, review your final closing documents for a detailed overview of your repayment terms.

Based on current Federal rates and offerings, Laurel Road will not be offering Graduate Loans for the upcoming 2024-2025 academic year. For information on alternative financing options, please contact your school’s financial aid office for resources and information regarding scholarships, grants, and federal student aid. Most schools will likely have a list of private lender options for students in need of a private loan option.

If you continue with an application after checking rates, we will ask you to authorize a hard credit inquiry, which may affect your credit score.

For most of our loans, you will only need to provide a photo ID. We do require a school certification but we will request that from your school after you consent to a hard credit pull. If you have a co-signer, it may be necessary for the co-signer to provide proof of income.

Both standard and partial payments are applied first toward any outstanding late fees, next to outstanding accrued interest, and then to the principal balance. Payments less than the required monthly amount may cause your account to become delinquent. We may report information about your account, late payments, missed payments, or loan defaults to consumer reporting agencies.

Yes. If you choose to prepay the loan or pay more than the minimum monthly payment amount, you will not incur any penalty for doing so. Additional payments are applied to your principal balance after all outstanding interest is satisfied.

Yes. There are several payment options that you can choose from, including in-school deferment. Each deferment option includes a six-month grace period following graduation or termination of enrollment. Any interest accrued during any period of deferment or grace will be added to the principal balance at the beginning of the full repayment period.

There will be a six (6) month grace period which begins at the end of your in-school period, except for borrowers who choose Immediate Repayment. The grace period is triggered by the student either a) dropping below half-time attendance, b) withdrawing from the eligible institution, or c) graduating. The Repayment Term will begin within thirty (30) days of the end of the grace period. Any interest accrued during any period of deferment or grace will be added to the principal balance at the beginning of the full repayment period.

If the loan adjustment amount is lower than your initial amount please reach out to Laurel Road Member Services for assistance. If your adjustment amount is higher than your initial amount you must reapply.

Because Laurel Road is providing a private loan, we do not require FAFSA, an application for a federal loan.

While in some instances Laurel Road may provide more competitive rates and flexible terms and repayment options, it does not offer Income-Based Repayment and Loan Forgiveness options that may be available through federal student loans. Be sure to explore all options available to you including grants, scholarships, and federal loans. For more information about federal student loan options visit StudentAid.gov

You may not need a cosigner, but if you do not meet our credit criteria, a cosigner may improve your chances of being approved.

Laurel Road Graduate Loans are available to individuals attending medical or dental schools, individuals pursuing a masters or doctorate degree in nursing, and individuals pursuing a degree to become a physician assistant. Students that have accepted an offer to enroll at least half-time or are currently enrolled at least half-time at an eligible school program, are eligible to apply for a graduate school loan with Laurel Road. Not all degrees are eligible at all schools. .

If you choose to make in school payments (e.g., flat payments, interest only, immediate repayment) then your first payment will be due about one month after your final disbursement (i.e., the last semester covered by your loan). If you select either the flat or interest only payment options your first payment of both principal and interest will be due about a month after your grace period ends. If you choose to defer payments while in school, then your first payment will be due about a month after your grace period ends. For more information, you should review your final closing documents for a detailed overview of your repayment terms.

You can send our Member Services team a message by emailing us at [email protected] or by using the live chat function on our website. To speak directly with a Member Services representative, you can call us at 1-833-427-2265. Members using a TTY/TRS device, please dial 711. If your Laurel Road graduate loan has been disbursed, you should contact our loan servicing partner MOHELA at (877) 292-6845 (TTY: Dial 711) Monday – Thursday, 7:00 AM – 9:00 PM CT and Friday, 7:00 AM – 5:00 PM CT.

If you are a member who requires financial assistance, please contact our servicing partner MOHELA at 1-877-292-6845 (TTY: Dial 711) to discuss Laurel Road economic hardship forbearance options that may be available to you, as you may be eligible for full or partial forbearance for a period. All requests for forbearance are subject to review, including acceptable documentation of the nature and expected duration of the economic hardship. Please contact us directly to discuss your individual options. Please note: interest will continue to accrue in forbearance and any unpaid accrued interest will be capitalized and added to the remaining principal of the loan at the end of the forbearance period.

The industry-wide transition to a new alternative rate index for adjustable (variable) rate products due to concerns about LIBOR (the London Interbank Offered Rate), has been in the works for several years. In anticipation of this move, the ICE Benchmark Administration (IBA), which administers LIBOR, has taken steps to eventually phase out LIBOR. Given the transition to a new variable rate benchmark, per regulatory and Alternative Reference Rate Committee (ARRC) guidance, Laurel Road began limiting new LIBOR-based student loan refinances on October 29th, 2021, and will adopt the Refinitiv USD IBOR Consumer Cash Fallback – a SOFR-based index – as the selected alternative USD index rate.

When you take out a student loan with Laurel Road, you’ll receive an interest rate on that new loan. How is the interest rate determined? Financial institutions and lenders use a benchmark to determine the interest rate they’ll charge you, with an additional margin set by the lender that factors in your current credit standing. For decades, the most common adjustable rate benchmark index used by lenders for loans with a variable interest rate has been LIBOR, or the London Interbank Offered Rate – the average rate a panel of international banks charge each other for short-term loans on the London interbank market. LIBOR will be phased out by June 30, 2023, due to concerns it has become an increasingly inaccurate indication of the true costs of borrowing. Beginning in 2021, newly originated loans were based on SOFR, or the Secured Overnight Financing Rate – a benchmark interest rate based on the most recent overnight borrowing costs on interbank transactions in the U.S. Treasury securities repurchase marketplace. Laurel Road began limiting new LIBOR-based student loan refinances on October 29^th, 2021, and adopted SOFR as the selected alternative USD index rate for new student loans with a variable interest rate. Borrowers with a fixed rate loan will not be impacted by this update.

Yes, as a current Laurel Road Student Loan Refinance member you may be eligible to refinance your loan(s) again. If you currently have a student loan with Laurel Road and choose to refinance your student loan again with us, keep in mind that you will not be eligible for current new customer interest rate offers. A new application, including consent to a new hard credit inquiry will also be required. The rates and loan terms offered are dependent on current market rates and the applicant’s current financial standings, including but not limited to income, credit score, and debt-to-income ratio. If approved, the previous Laurel Road student loan balance will be paid off with a new Laurel Road loan.

Laurel Road will refinance up to $50,000* for Associate Degree loans in the eligible healthcare field. Please see full eligibility requirements here.

*Parents who are borrowing on behalf of their children are not subject to the $50,000 loan max

You can send our Member Services team a message by emailing us at [email protected] or by using the live chat function on our website. To speak directly with a Member Services representative, you can call us at 1-833-427-2265. Members using a TTY/TRS device, please dial 711.

If you refinanced your student loans with Laurel Road at any time, there are no changes to your account number, loan terms, payment amount or due date of your loan. Servicing will continue to be handled by MOHELA, our student loan servicing partner. You can continue to contact Laurel Road at (855) 245-0989 with any questions regarding your loan (customers using a TTY/TRS device, please dial 711) or can contact MOHELA about statements and billing at (877) 292-6845 (customers using a TTY/TRS device, please dial 711).

Yes, Laurel Road refinances both federal and private student loans.

Student loans refinanced with Laurel Road will continue be serviced by MOHELA, our student loan servicing partner. If you have any questions about your student loan payments after funding your loan with Laurel Road, please call MOHELA at (877) 292-6845. Clients using a TTY/TRS device, please dial 711.

Yes, Laurel Road refinances/consolidates both federal and private student loans, even if you have already refinanced/consolidated your student loans with another lender.

While in COVID-19 forbearance, your previous payment schedule was inactivated. Interest continued to accrue but was not added to the principal balance of your loan. A new payment schedule was recalculated after forbearance to pay the remaining term (including any term extensions as a result of forbearance(s)) of your loan with the outstanding interest that accrued. As a result, your monthly payment likely increased and your first payments following forbearance were applied first to the unpaid interest. Please note, if the accrued interest was not paid and you use a different type of forbearance or deferment in the future (one other than the COVID-19 hardship forbearance), the interest could be capitalized at that future time. The below scenarios can provide you a general idea of how much interest may have accrued on your loan over a 90-day vs. 180-day forbearance and how the repayment schedule was impacted thereafter. These scenarios are examples only—they do not reflect your repayment terms, rate, recalculated payment amount, or amount of accrued interest.

You have a $180,000 loan with a 15-year fixed rate of 5.25%
Your original monthly payment prior to forbearance was $1,446.98
You entered forbearance after 12 months into repayment on your loan with an outstanding balance of $171,893

After 90 days of COVID-19 forbearance:

You exit forbearance with $2,256 in accrued interest
Your new monthly payment is $1,465.88

To account for the interest that accrued in forbearance, in this example your monthly payment would have increased by approximately $19 per month for the remainder of your loan term. After 180 days of COVID-19 forbearance:

You exit forbearance with $4,512 in accrued interest – approximately twice as much interest than with 90-day of forbearance
Your new monthly payment is $1,484.78

To account for the interest that accrued in forbearance, in this example your monthly payment would have increased by approximately $38 per month for the remainder of your loan term.

If you had previously refinanced your federal student loan with Laurel Road, you did not qualify for this federal program under the CARES Act. If you are an existing Laurel Road member and are experiencing an impact to your income as a result of COVID-19, please contact MOHELA at 1-877-292-6845 (TTY: Dial 711) to inquire about forbearance and hardship options available to you. For more information on federal student loan repayment options, visit studentaid.gov.