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Repayment Plans for Goal Financial
For current Goal Financial Federal Consolidation Loan Customers, the following repayment options are available to match your unique financial lifestyle. If your situation changes and you would like to switch your current payment plan, please contact the loan servicer for your account for more information.
Level or Standard Repayment Plan: Your monthly payment remains the same
for the life of your loan.
Graduated repayment:* Your monthly payments can start out as
an interest only payment for the first third of the term of the loan.
The remaining two-thirds of the term of the loan will be a payment that
combines both principal and interest.
As another option, your payments can start out low and increase every two years
over the life of the loan. This allows you to start with a manageable payment
that increases slowly as your earning power increases.
Extended repayment: If you have a combined outstanding balance on your
eligible loans that is greater than $30,000, you have the option of repaying
your Consolidation loan over a maximum 25-year period under a level or
graduated repayment schedule.
Income Sensitive Plan: Your monthly payment can be as low as an interest
only payment. You will be required to provide income information to
qualify.
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