The Standard Repayment Plan is a basic repayment plan where payments are fixed and made for no longer than 10 years.
Would you like to know more about this plan?
Yes, that would be very helpful.
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.
What does applying for an income-driven repayment plan allow me to do?
Completing the application allows you to select an income-driven repayment plan by name or  request that your loan servicer determine what plan you qualify for. The loan servicer would then place you on the plan with the lowest monthly payment.
All right, regarding eligible federal loans, for the repayment plan, are the loans that are subsidized by the Direct Loan Program eligible?
Yes, they are.
Another payment-related query. Would I be eligible for a discount if I signed up for debit withdrawal of my payments?
Yes, you would receive .25% interest rate deduction on Direct Loans and you should contact your loan servicer for more information.
Could you tell me if the standard repayment plan may have a higher monthly payments than my current loan payments?
Yes, you will see a slight increase in your monthly payments. However, this allows you to pay off your loan faster.
How else can a Standard Repayment Plan benefit me?
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.
How does the plan work with consolidation loans?