According to the Institution regarding Studies, a good FFEL mortgage include Backed Government Stafford Loans, Unsubsidized Government Stafford Loans, FFEL Also Fund and you will Consolidated Loans. Speak to your mortgage servicer right to see if a professional lender attributes your own FFEL money.
Additional options getting FFELP Borrowers
If you’re one of the unlucky of these which have fund that do not be eligible for that it special deferment Massachusetts loans period , there are many alternatives.
Money Centered Installment
This plan bases the monthly obligations towards the yearly income and also an effective fifteen-seasons term. They are also entitled to Earnings-Founded Repayment , and that limitations repayments considering your income.