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: Good afternooon. I would like to know more about repayment plans for loans on certain federal programs, please.

assistant: No problem. The basic information about it, is that you have the standard repayment plan where payments are fixed and made for up to 10 years between 10 and 30 years for those loans which are in consolidation.

assistant: Do you know why's that?

user: Yeah, I know. I read somewhere that this action will allow me to pay the least amount of interest in my loan, is that right?

assistant: That's correct. You are very well informed.

user: Is the same for those Direct Consolidation or FEEL Consolidation loans?

assistant: Not quite. In those cases, the length of your repayment period will be determined depending on the amount of your total education loan indebtedness. That includes the amount of your consolidation loan and your other student loan debt.

user: Oh, i see. Kind of complicated, huh?. Oh, well. Say, whenever i get a loan, i can choose how i want to repay it, right?

assistant: Certainly, you can. You have options for doing the choosing when is time to repay your loan. That's when you make use of the plans.

user: SO, lets say i go for these plans under the standard repayment thing, What do i get there?

assistant: To be more specific there, your payments by the month would be in a fixed amount of at least $50 each month and made for up to 10 years for all loan types. However, Direct Consolidation and FEEL Consolidation loans are excepted.

user: Then, to check sure this. I'll save money for abiding this standard plan, I'm right?

assistant: You're in the right. As you pay a higher amount in he beginning of the plan, you'll save money later as amount of interest will be lower.