Make monthly payments that are as low as interest-only for the first few years or monthly payments of principal and interest. With extended repayment, you may have up to 25 years to repay your federal student loans.

Remember: By lengthening your repayment term, you can lower your monthly payment, but the overall loan cost will be higher.

Eligible loan programs

Loan programs eligible for extended repayment include:

• Stafford (subsidized and unsubsidized), PLUS (Parent and Graduate), and federal consolidation loans with outstanding balances that exceed $30,000.

In addition, you must meet either of the following conditions:

• Be a new Federal Family Education Loan Program (FFELP) borrower with one or more eligible loans first disbursed on or after Oct. 7, 1998.
• Have obtained a federal consolidation loan on or after Oct. 7, 1998 with no other outstanding FFELP loans when the consolidation loan was made.
• LAWLOANS Private Loan^SM*/Bar Study Loan^®*
• MBA LOANS Private Loan^SM*
• Signature Student Loan^®*

Combined billing is available for student loans that are serviced by Sallie Mae. Some restrictions may apply.

Sallie Mae reserves the right to modify or discontinue loan programs at any time without notice.