Step 1: Loan portfolio Federal loans at Information on loan servicers – One servicer for federally owned loans – ECSI servicer for campus-based loans** Interest rates vary*** Grace periods vary by loan – You only get Grace period once See school or credit report for other loans * Stafford, Grad PLUS, Perkins, Federal Consolidation Loans ** Perkins and Institutional *** By loan type and for Stafford and Grad PLUS, disbursement date

Sample loan portfolio Federal Stafford – Subsidized* and Unsubsidized – Rates from 5.41% to 6.8%** – 6 month Grace Federal Perkins – 5% fixed rate, 9 month Grace period School of Medicine Institutional Loan – 7% fixed rate, 36 month Grace period * No more Subsidized Stafford for GP students as of July 1, 2012 ** 6.8% M1 and M2 years, 5.41% M3 year, 6.21% current rate M4 year

Perkins options Make regularly scheduled payments starting in early 2016 – Standard 10 year repayment – Be sure to include in monthly budget Consolidate Perkins into DCL* – Perkins is gone (no additional payment) – Becomes Direct Loan balance and thus eligible for repayment under IBR or PAYE and PSLF (assuming eligibility requirements met) * Direct Consolidation Loan program at

Step 2: Repay objectives Protect cash, maximize cash flow – Postpone payments, PAYE or IBR Reduce impact of interest accrual and capitalization – Aggressive payment whenever possible Maximize potential help through Public Service Loan Forgiveness (PSLF) – PAYE or IBR with no additional payments