You could make payments up to 25 years on the extended payments plan.
Would you like to make lower monthly payments over a longer period of time than under the standard repayment plan?
Yes, I would like to make lower payments over a longer period of time.
That is great because the extended repayment sounds like it is right for you.
Do you know how many plans exist that best suit my situation? Could you give me information about this, and if up to the deadline I have not rectified my family's data, what would be the consequence?
it would have consequences but they vary according to the plan
By the way, for extended repayment plan, what are the eligible federal loans for it?
Direct Subsidized Loans is one of the eligible federal loans.
I have another question about consolidation loans, how are my monthly payments?
Well, if you have a consolidation loan the monthly payments start out low and get increased every two years.
there is something else about Plan Eligibility. What if I am a FFEL borrower, can I qualify for an extended repayment plan?
You must have more than $30,000 in outstanding FFEL Program loans and have no outstanding balance as of October 7,1998.
What if I have $35,000 in outstanding FFEL Program loand and $10,000 in outstanding Direct Loans?
You would be able to choose the Extended Repayment Plan for your FFEL but not your Direct Loans.
What federal loans are eligible for the Extended Repayment Plan?