The article may contain affiliate links from partners. The words, opinions, and reviews are our own. Learn how we make money to support our financial wellness mission.

Under this plan, your monthly payments are: fixed or graduated; made for up to 25 years. You must have had no outstanding balance on a Direct Loan and /or an FFEL Program loan as of October 7, 1998, or on the date you obtained a Direct Loan and/or an FFEL Program loan after October 7, 1998, and you must have more than $30,000 in outstanding Direct Loans or $30,000 in FFEL Program loans. For example, if you have $35,000 in outstanding FFEL Loans and $10,000 in outstanding Direct Loans, you can choose the Extended Repayment Plan for your FFEL Loans, but not for your Direct Loans.

Main Menu