She decided to ride out the recession by pursuing her MBA, racking up six figures in student loan debt along the way. Whether you’re barely scraping by or simply want to pay less per month on your student loans, there’s hope for getting those payments lowered. One way to lower your monthly payments is to enroll in an extended payment plan. The extended repayment option is available only to federal student loan borrowers (as are most repayment benefits). Rather than fixed payments over 25 years, this variation of the extended repayment plan starts off with monthly payments that gradually increase.

Source: Huffington Post May 09, 2018 18:35 UTC