Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49According to Federal Student Aid, the average total federal student loan balance a student at a public, four-year school in Georgia at graduation is almost $27 ,000. Using the current interest rate of 3.9 percent, here are examples of possible repayment options and outcomes. 40 If you receive loans to help pay for your education from the federal government, it’s good to know ahead of time your repayment options so you can plan for it even before you graduate. Your six-month grace period goes by quickly. Standard - Payments are fixed and made for up to 10 years (between 10 and 30 years for consolidation loans). Graduated - Starts with lower payments that increase every two years. Payments are made for up to 10 years (between 10 and 30 years for consolidation loans). Extended - The Extended Repayment Plan allows you to repay your loans over an extended period of time. Payments are made for up to 25 years. Income-Sensitive- Available to low-income borrowers who have Federal Family Education Loan (FFEL) Program loans. The payments under this plan increase or decrease based on your annual income. Income-driven - If your outstanding federal student loan debt is higher than your annual income or if it represents a significant por- tion of your annual income, you may want to repay your federal student loans under an income-driven repayment plan like Income-Based (IBR), Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE) or Income-Contingent (ICR). Most federal stu- dent loans are eligible for at least one income-driven repayment plan. Repayment Options for Federal Financial Aid PAYING IT BACK. Don't Be Surprised, Be Prepared! Repayment First Monthly Last Monthly Total Amount Repayment Plan Payment Payment Paid Period Standard $272 $272 $32,585 120 months Graduated $152 $455 $33,979 120 months Visit the Federal Student Aid website and use the Repayment Estimator to customize options to your situation.