What is the maximum repayment period for my federal Stafford loan?
There are four repayment plans for federal education loans. They are the standard, extended, graduated, and income sensitive repayment plans. All four plans are available for student loans, but only the first three are available for parent loans. See below for details of the plans. Standard Repayment Plan — If you choose this plan, you will make fixed monthly payments and repay your loan in full within 10 years (not including periods of deferment or forbearance) from the date the loan entered repayment. Payments must be at least $50 a month and will be more, if necessary, to repay the loan within the required time period. Extended Repayment Plan — If you choose this plan, you will make monthly payments based on fixed annual or graduated repayment amounts over a period not to exceed 25 years. Payments must be at least $50 a month and will be more, if necessary, to repay the loan within the required time period. You are eligible for this plan if (i) at the time you sign this Note you hav
Related Questions
- If I enter my repayment period on my Federal Direct Loan and am unable to begin making payments, is it possible to defer (postpone) repayment?
- How do I obtain information about deferment and repayment options on my Federal Stafford Loan?
- What is the maximum repayment period for my federal Stafford loan?
