The Extended Repayment Plan allows you to repay your loans over an extended period of time. Payments are made for up to 25 years.
Are you looking to make lower monthly payments over a longer period of time than under plans such as the Standard Repayment Plan?
yes
The Extended Repayment Plan may be the right one for you.
If I am looking for more information on all the federal student loans I have received, where should I go?
You can visit My Federal Student Aid to get this information, where you will also find contact information for your loan servicer
Ok good, now regarding eligible federal loans, can a FEEL loan be eligible for an extended repayment plan?
Yes, FFEL Consolidation Loans are eligible for the Extended Repayment Plan
There's something else going on. Thank you so much. But what can you tell me about the monthly payments I have to make?
Well, if you have a consolidation loan the monthly payments start out low and get increased every two years.
I'd also like to know on what other loans are eligible to get extended payments?
Some loans from the William D. Ford Federal Direct Loan Program and the Federal Family Education Loan Program are eligible for the Extended Repayment Plan
is the FFEL plus loan one of those loans that are eligible?
Yes, FFEL PLUS Loans are eligible for the Extended Repayment Plan
we need more than $30000 in loan debt to qualify right?