Extended Repayment Plan

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This repayment option is tailored for individuals who hold Direct Loans with a balance exceeding $30,000. This plan encompasses a variety of loans, including Direct Loans, PLUS Loans, Stafford Loans (both Subsidized and Unsubsidized), and Consolidation Loans.

Payments within this plan can take two forms: they can either be graduated, where the amount increases periodically, or they can remain fixed. The repayment term spans 25 years, during which you work towards paying off your loan.

While payments are generally lower compared to the Standard and Graduated plans, it's important to note that opting for this repayment plan may lead to a higher overall payment compared to other options. As with any choice, it's vital to assess whether this aligns with your financial goals and circumstances.

This particular plan is not typically recommended for those seeking eligibility under the Public Service Loan Forgiveness (PSLF) program. Should you need further insights or assistance in choosing the right plan for you, please don't hesitate to reach out to us for guidance.