The NC Advantage on CFI loans helps make college more affordable. See how much you'll save on a Stafford, PLUS or Consolidation Loan from CFI.
For information on the Teacher and Counselor Loan Payment Holiday program which was discontinued, click here
Realizing borrowers' individual circumstances will vary, CFI offers several repayment options. Which plan is the right option for you?
The Standard Repayment Plan, of course, suits the needs of most borrowers. But if you are interested in any of the other repayment plans and want to know if you qualify, please contact the CFI Repayment Call Center (919/821-4743 or toll free 1-800/722-2838) for more information.
Deferments & Forbearances
During your post-college years, you begin to build a career and establish credit. This is also the time during which you will repay your student loan(s) - your repayment period - an important part of establishing good credit. Unexpected circumstances can occur that may make meeting your repayment obligations difficult. Because of job loss or other extenuating circumstances, you may want and need to consider temporary alternative repayment options, also known as deferments and forbearances.
If you have more than one education loan or a very large loan and are having difficulty making the scheduled payments, a consolidation loan might be the best solution. Consolidation allows you to lower your monthly payment amount by lengthening the repayment period beyond the standard 10-year schedule. Depending on the amount of your education loan debt, you may qualify to have your repayment period extended to a maximum of 30 years, which would significantly reduce your monthly payment. Consolidation loans offer several repayment options (including graduated, income-sensitive and extended) plus deferment and forbearance benefits. If you want to consider managing your education loan debt with a consolidation loan, CFI can help.