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Does the Direct Loan Program offer an extended repayment plan or options to defer payment?

April 26, 2017defer extended loan Offer Options payment Plan program repayment

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Does the Direct Loan Program offer an extended repayment plan or options to defer payment?

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Yes. The Direct Loan Program offers an extended repayment plan as one of five repayment options. Detailed information about repayment plans is available on the Department of Education website. The Direct Loan Program also offers the same deferments that were available to borrowers in FFELP. The maximum period for which a borrower may receive a deferment is determined in accordance with the Direct Loan Program regulations, and depends on the deferment type. Information about deferments is available on the Department of Education website.