Government School Loans Extended RepaymentYour government school loans repayment can be extended beyond the standard 10 year college loan repayment program. This payment plan can also be used with a consolidation student loan. The only extended plan requirement for federal Direct student loans or FFELP loans is that the borrower must owe more than $30,000. If you have both FFELP and Direct loans, the balance on each must be greater than $30,000 to have extended payments on each, or you can consolidate these into one extended Direct loan. The government college loan extended plan has a 25 year term. To calculate monthly loan payments, your principal and interest for 25 years is divided into 300 equal payments. Each monthly payment must be at least $50. Borrowers can opt for extended payments under the graduated plan as well.
Student Loan Calculator: Extended PaymentsEnter the loan amounts (If you have an unsubsidized Stafford loan or any PLUS loans, the interest will be capitalized and the amounts you owe at the start of repayment will be greater than what you originally borrowed.) and the federal interest rates of your loans:While this plan gives you all-around lower monthly payments than the standard college loan repayment program, it may not be as low as the ones under the new income-based monthly payment formula. Compare both to see which is better for you. If you do not actively choose the extended plan (or another one) you will be enrolled in the standard plan. You may switch repayment plans, if you figure loan payments in a different plan might suit you better. Should You Choose Extended Repayment?There are many factors to consider. This plan (as you can see) greatly increases the total amount you will repay.Payments made on the extended plan will not qualify you for the 10 year public service loan forgiveness. If you have a government job, one of the other plans might be a better choice. With a 25 year repayment term, you might also still be paying your student loans when your children are taking out theirs. If your goal is to pay off your loans quickly, this plan will not work. If your goal is to pay low, predictably fixed amounts monthly, this is the way to do it. Aside from the lower monthly payment, one school of thought holds that if you believe inflation will occur over this period- a fixed, lower monthly payment will result in the value of the later payments being less in real terms. 
Extended government school loans repayment will result in the highest total amount repaid on a federal school loan, but a smaller amount will be paid monthly than under the standard plan. return from government school loans extended to loan payment formula return from government school loans extended payment to college loan consultant homepage
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