Repayment Length - Standard And Extended

Categories: Loan and Mortgage,

For federal student loan consolidation loans, borrowers often have a choice of repayment structures that can include:Standard: Assumes a repayment period of 10 years (120 months) of level payments.Extended: Assumes the maximum allowed repayment length for which you would be eligible, which varies from 10 to 30 years, depending on the amount of the loan.Other repayment structures exist, so check with your selected lender for more options. SimpleTuition offers information about different repayment options for informational purposes only and makes no representations about the accuracy or availability of these options. Consult with your selected lender to learn more about different repayment options.