The Standard Repayment Plan is the basic repayment plan for loans from the William D. Ford Federal Direct Loan (Direct Loan) Program and Federal Family Education Loan (FFEL) Program. 
Payments are fixed and made for up to 10 years between 10 and 30 years for consolidation loans. This repayment plan saves you money over time because your monthly payments may be slightly higher than payments made under other plans, but you ll pay off your loan in the shortest time. For this reason , you will pay the least amount of interest over the life of your loan. When it comes time to repay your loans , you have the option to choose a repayment plan. If you don t choose a different repayment plan , your loan servicer, the company that handles the billing and other services on your federal education loan, will place you on the Standard Repayment Plan. 

Eligible Federal Loans 
The following loans from the Direct Loan Program and the FFEL Program are eligible for the Standard Repayment Plan : Direct Subsidized Loans Direct Unsubsidized Loans Direct PLUS Loans Direct Consolidation Loans Subsidized Federal Stafford Loans Unsubsidized Federal Stafford Loans FFEL PLUS Loans FFEL Consolidation Loans Note that no new loans have been made under the FFEL Program since July 1 , 2010. 

Monthly Payments for Federal Education Loans Except Consolidation Loans 
Under this plan , your monthly payments are a fixed amount of at least $50 each month and made for up to 10 years for all loan types except Direct Consolidation Loans and FFEL Consolidation Loans. 

Monthly Payments for Consolidation Loans 
Under this plan , your monthly payments are a fixed amount of at least $50 each month and made for a period of between 10 and 30 years for Direct Consolidation Loans and FFEL Consolidation Loans. If you have a Direct Consolidation Loan or FFEL Consolidation Loan , the length of your repayment period will depend on the amount of your total education loan indebtedness. This total education loan indebt

user: what will the time it takes to repay a loan look like?

assistant: Payments are fixed and made for up to 10 years or between 10 and 30 years for consolidation loans.

assistant: Would you like to know how this benefits you?

user: no just wanted to know how long it takes

user: what loans are eligible for the standard repayment plan?

assistant: Several loans from the Direct Loan Program and the FFEL Program are eligible for the Standard Repayment Plan

user: do we get to choose a payment plan?

assistant: You have the option to choose a repayment plan. If you don’t choose a repayment plan your loan servicer places you on the Standard Repayment Plan.

user: should I just let them leave me on the standard plan?

assistant: The Standard Repayment Plan saves you money over time because your monthly payments may be slightly higher than payments made under other plans, but you will pay off your loan sooner. You end up paying the least amount of interest over the life of your loan. 

user: can I use other loans to have you look at when you work out the repayments on a Direct Consolidation Loan?

assistant: Yes, list those loans on your consolidation application in the section for listing loans that you do not want to consolidate, but want considered in the determination of your repayment period.