The first thing to know is that payments are made for up to 25 years.
Do you need to make lower monthly payments over a longer period of time than plans like the Standard Payment Plan?
yes
then the Extended Payment Plan may be right for you
One thing about the eligibility for federal loans. Are there any loans that are subsidized?
Yes, there are, the kind of direct one.
Another concern about the Extended Repayment Plan that allows you to repay your loans over an extended period of time. Who can assist me in selecting the right plan?
Your loan servicer, the company that handles the billing and other services for your federal student loan, can help you choose the loan payment plan that is best for you.
Another question I have is what should I do to request an income-based payment plan?
To apply for an Income-Driven Repayment Plan you will have to complete the paper application and provide a paper copy of your most recently filed federal income tax return or IRS tax return transcript.
There's one more thing I'd like to say to about the Federal Loans. What types of loans are subsidized?
there are the federal subsidized Stafford Loans
And the company that handles billing can help me choose?
And the company that handles the billing and other services for your federal student loan can help you choose the loan payment plan that's best for you.
If I have $ 35,000 in outstanding FFEL Program loans and $ 10,000 in outstanding direct loans, which plan can I choose?