Well, if you have a consolidation loan the monthly payments start out low and get increased every two years.
there is something else about Plan Eligibility. What if I am a FFEL borrower, can I qualify for an extended repayment plan?
You must have more than $30,000 in outstanding FFEL Program loans and have no outstanding balance as of October 7,1998.
What if I have $35,000 in outstanding FFEL Program loand and $10,000 in outstanding Direct Loans?