ECFR 208 Repayment Plans – Standard Outline 

1. Qualifying Loan Types 

1. Direct Subsidized Loan 

2. Direct Unsubsidized Loan 

3. Direct Subsidized Consolidation Loan 

4. Direct Unsubsidized Loan Consolidation Loan 

5. Direct Plus Loan 

6. Direct Plus Loan Consolidation 

2. Qualifying Origination Dates 

1. All origination dates qualify for a standard plan.  

3. Loan Terms 

1. All direct loan types except a Direct Consolidation loan that entered repayment on or after July 1^st, 2006, will be a 10-year fixed repayment period.  

2. A Direct Consolidation Loan that started repayment after July 1^st, 2006, will have a term based on borrower’s loan amount.  

• $7,499 or less = 10 Year Term 
• $7,500 – $9,999 = 12-year Term 
• $10,000 – $19,999 = 15 Year Term 
• $20,000 – $39,999 = 20 Year Term 

• $40,000 – $59,999 = 25 Year Term 
• $60,000 or more = 30 Year Term 

4. Requirements 

1. All loans must be repaid together under the same repayment plan with one payment amount being disbursed amongst all loans, unless. 

• the borrower has a direct consolidation loan and/or a direct plus loan that does not qualify for income driven programs. Those two loan types can be paid separately from other direct loans the borrower has.  
• The borrower has a “Direct Plus Consolidation Loan” that started their repayment on that loan prior to July 1^st, 2006. That Direct Plus Consolidation loan can be paid separately from the other direct loans the borrower has.  

2. $50 minimum payment each month