How else can a Standard Repayment Plan benefit me?
As I've mentioned before, your payments will be slightly higher, but you end up paying less interest. This will allow you to save money in the long run.
How does the plan work with consolidation loans?
For eligible consolidation loans, the length of your repayment period would depend on the amount of your total education loan indebtedness. This includes your consolidation loan and any other student loan debt you may have.