Extended repayment

Description

Extended repayment

The Extended Repayment Plan allows you to make lower monthly payments over a longer period of time than the standard ten year repayment period.

Under this plan, your monthly payments are

• a fixed or graduated amount,
• made for up to 25 years, and
• generally lower than payments made under the Standard and Graduated Repayment Plans.

However, you will end up paying more over time than under the 10-year Standard Repayment Plan.