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| It’s your life; it’s your loan.
Only you can decide which repayment plan is best for you. Whichever repayment
plan you choose, remember that when you enroll in our E-Z Pay auto-debit payment
program, you’ll get an additional interest rate reduction.
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| Repayment
Plans for Private Consolidation Loans |
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Level Repayment
This plan keeps your payments level, meaning you pay the same amount
every month for the period between potential interest rate changes. If the interest rate increases
or decreases, your monthly payment amount adjusts accordingly in order to ensure the loan
is fully paid within the remaining repayment period. It’s the least expensive plan in
the long run.
Graduated Repayment
Offers lower, more affordable payments for up to 4 years with higher
payments later. Your loan is repaid in the same time frame as Level Repayment.
Total interest costs are slightly higher than the Level payment plan.
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You may be able to postpone in the onset of repayment
under certain circumstances. The interest that accrues
during deferment is paid in one of two ways: |
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If you defer: |
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Citi will still continue to bill you for interest. |
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If you choose not to pay the interest bills, accrued
unpaid interest will be capitalized when you leave school. |
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This deferment, if selected, will be applied to all
of your eligible
Citi student loans, not just your Private Consolidation
Loans. |
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If you run into financial difficulty, give us a call.
You may be able to postpone payments of principal and
interest depending on your situation.
A forbearance, if selected, will be applied to all
of your eligible Citi
student loans, not just your
Private Consolidation Loans.
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