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^®*

Lower your interest rate, lower your monthly payment

No loan application, no credit check, no fees, no hassles.

If you're a Sallie Mae Stafford or PLUS loan customer, you can lower the interest rate on these loans by up to 0.50 percentage points during repayment. Here's how in just three easy steps:

1. Call Sallie Mae at 1-866-913-6089.
2. Select any one of our three extended repayment plans with the maximum terms available.
3. Sign up to have your monthly loan payments automatically withdrawn from your bank account.

Stafford and PLUS loan balances totaling more than $30,000–$59,999 can earn a 0.25 percentage point interest rate reduction and balances greater than $60,000 can earn a 0.50 percentage point interest rate reduction.** This interest rate reduction is in addition to any other applicable rate reductions.

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

*Terms and conditions apply. The repayment term available on your private student loans may vary depending on loan type, outstanding loan balance, repayment plan, and the terms of your promissory note.

**Terms and conditions apply. This benefit is available on eligible loans that are serviced by Sallie Mae and (1) remain available during active repayment for as long as your monthly payment is successfully deducted from your bank account, (2) is subject to termination at any time without notice with respect to loans that have already qualified for this benefit and loans that have not yet become eligible to earn the benefit, and (3) for loans made by non-Sallie Mae brand lenders, this benefit becomes available only after Sallie Mae purchases the loan, which typically occurs approximately 90 days after full disbursement.

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