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
how are the monthly payments?
your monthly payments are a fixed or graduated amount, made for up to 25 years