How long does it take to pay off federal student loans?

Answer: Unless you arrange for a different repayment schedule with your loan servicer, the standard repayment schedule is 120 months (10 years).

Your servicer can tell you about programs that allow you to extend your repayment term. Extending the term of your loan means that you will pay more in interest over the life of the loan.


If you are having trouble repaying your loans, you should contact your servicer about Income-Based Repayment before you enroll in an alternative payment plan that spreads your payments out over a greater period of time. Loans paid through the Income-Based Repayment program are eligible for loan forgiveness after 25 years and may be eligible for forgiveness after 10 years, if you work in public service.


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