Another payment-related query. Would I be eligible for a discount if I signed up for debit withdrawal of my payments?
Yes, you would receive .25% interest rate deduction on Direct Loans and you should contact your loan servicer for more information.
Could you tell me if the standard repayment plan may have a higher monthly payments than my current loan payments?
Yes, you will see a slight increase in your monthly payments. However, this allows you to pay off your loan faster.