This is a plan that allows users to avail of loan repayments over a period of up to 25 years
Do you think that you might only be able to lower repayments over a longer period of time allowed by the Standard Repayment Plan?
No, I don't think that I will affected in that way
What are Eligible Federal Loans that are available through the FSA?
There are a number of federal loans available from the William D. Ford Federal Direct Loan Program and the FFEL Program, which are eligible
How do I become eligible for an Extended Repayment Plan if I am a Direct Loan borrower?
To become eligible, you must have no outstanding balance on a Direct Loan as of October 7, 1998 or on the date you obtained a Direct Loan after October 7, 1998. You must also have more than $30,000 outstanding in a Direct Loan
What options under the Extended Repayment Plan do I have I if I have more than $30,000 outstanding in an FFEL Program Loan?
In this instance, you can choose an Extended Repayment Plan for your FFEL Program Loan, you will not be eligible for the Plan if you have less than $30,000 in a Direct Loan
How can I utilize the Loan Simulator under the Extended Repayment Plan?