To be more specific there, your payments by the month would be in a fixed amount of at least $50 each month and made for up to 10 years for all loan types. However, Direct Consolidation and FEEL Consolidation loans are excepted.
Then, to check sure this. I'll save money for abiding this standard plan, I'm right?
You're in the right. As you pay a higher amount in he beginning of the plan, you'll save money later as amount of interest will be lower.