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: I need some help understanding the Standard Repayment Plan.

assistant: The Standard Repayment Plan is a basic repayment plan where payments are fixed and made for no longer than 10 years.

assistant: Would you like to know more about this plan?

user: Yes, that would be very helpful.

assistant: The Standard Repayment Plan gives you the benefit of paying off your loans in a shorter amount of time, so that you pay the least amount of interest on your loan.

user: Are Direct Subsidized Loans eligible for the repayment plan?

assistant: Yes, they are.

user: Will my monthly payments be higher than my current loan payments?

assistant: Yes, you will see a slight increase in your monthly payments. However, this allows you to pay off your loan faster.

user: How else can a Standard Repayment Plan benefit me?

assistant: As I've mentioned before, your payments will be slightly higher, but you end up paying less interest. This will allow you to save money in the long run.

user: How does the plan work with consolidation loans?

assistant: For eligible consolidation loans, the length of your repayment period would depend on the amount of your total education loan indebtedness. This includes your consolidation loan and any other student loan debt you may have.