Hello! I have a question regarding the standard plan payment timeline.
I have several federal loans and some have been consolidated while some have not. When I use the payment calculator, it gives me the 30 year payment term for the standard plan, not 10 years. Would that be an applicable timeline if not all my loans were consolidated? I was assuming the unconsolidated ones would still be on the ten year timeline, if anything. Between forbearance and deferments I’ve been in repayment for 2-3 years, depending on the loan.
Just trying to figure out if my standard plan payment is realistic and work towards getting off this hamster wheel, if I can.
Posted by Effective_Ad8575
1 Comment
The simulator can be buggy. The consolidated loans would have the consolidation standard plan. The unconsolidated loans have the 10 year standard plan.