how long do they work to pay back student loans
A longer length of repayment means a lower monthly payment, but it also means a higher total amount repaid over the life of the loan. Federal loans typically follow a ten-year repayment plan schedule, but depending on the type of repayment plan, your length of repayment could last as long as thirty years. One key benefit of Federal loans is the ability of the borrower to switch repayment plans without penalty.