Payments could be made up to 25 years.
What if I want to make lower monthly payments over a longer period of time than the Standard Repayment Plan offers?
Then it looks like the Extended Repayment Plan may be right for your situation!
How would I become Eligible for the Extended Repayment Plan?
Are you a Direct Loan borrower?
Yes, I have borrowed with a Direct Loan for school.
As long as you have had no outstanding balance on your Direct Loans as of October 7, 1998 and you have more than $30,000 in outstanding Direct Loans then you are eligible for Extended Repayment Plan.
What Federal Loans are eligible for the Extended Repayment Plan?
The William D. Ford Federal Direct Loan Program and the Federal Family Education Loan Program will make you eligible.
What Federal loans are eligible for Extended Repayment Plan?