KHESLC
Account Information
Home
Who we are
What we offer
Publications
Calculators
Payment Solutions
Forms
Contact Us
Students
Repayment Options  |  Deferment  |  Forbearance  |  Loan Forgiveness  |  EPIC
Payment Solutions - Repayment Options

Extended Repayment

Extended Repayment

Looking for a way to significantly lower your monthly payment on your federal student loans? KHESLC offers an extended repayment plan that might be right for you. The extended repayment plan offers a lower payment spread over 25 years instead of 10 and offers a fast, effective alternative to consolidation of your student loans.

Extended Term Eligibility Requirements:
  • Must be Stafford, PLUS or Federal Consolidation Loans.
  • You must owe more than $30,000 in these specific federal loans
  • These loans must have been disbursed on or after October 7, 1998
  • Loans can be serviced by multiple lenders. Consolidation is not necessary
  • Private and Perkins Loans are not eligible
An extended term payment solution is a quick, effective way to lower your current payments, possibly before your next payment is due. This solution lowers your monthly payment through extension of the loan term but does not freeze your interest rate, and more interest is charged over the life of the loan. This is an equal payment option for 25 years.


Mail form to:
KHESLC
P.O. Box 24328
Louisville, KY 40224-0328

Or fax form to: (502) 329-7077.

Example of Payment Possibilities:

$30,000 loan, monthly payment at 7.22% on a 10-year plan = $352
Extended term payment on a 25-year plan = $216 per month

Updated: 9/24/2013

KENTUCKY HIGHER EDUCATION STUDENT LOAN CORPORATION   |    TERMS AND CONDITIONS   |   PRIVACY POLICY   
KHEAA BEST IN CLASS BEST START