I understand, but if I need to make lower monthly payments for a longer period of time than in plans like the Standard Payment Plan,
then the Extended Payment Plan may be right for you.
If I want to be chosen for the Extended Repayment Plan and I am a Direct Loan borrower, what should I consider?
note that you must have had no outstanding balance on a Direct Loan as of October 7, 1998, or on the date you obtained a Direct Loan after October 7, 1998, and you must have more than $ 30,000 in outstanding direct loans