The short answer is no, and yes. No, the Stafford GSL does not offer
and 30 year term; the longest is 25 years. Yes, you can get 30 year
terms with Federal Consolidation loans. What follows is the long
From the Stanford Master Promisory Note paperwork I have to mail in
today, item 12 of the Borrower's Rights and Responsibilites Statement,
lists 4 different repayment plans:
First, the standard repayment plan, making fixed monthly payments over
Second, the Graduated repayment plan, where you make smaller monthly
payments at first, then the payment amount rises over time.
Third, the Extended repayment plan, where you make fixed or graduated
payments over a period not to exceed 25 years. The extended repayment
plan is only available if you have a loan balance exceeding $30,000.
Fourth, the income-sensitive repayment plan, where the monthly
payments are adjusted annually, based on the expected total monthly
So, in summary, the federal promisory note offers a 25 year repayment
plan. Some lenders may offer longer terms, particularly third party
loan consolidators, but the core Stafford Loan program is limited to
A google search for 'stafford loan' turned up the following webpage,
which summarizes what is on my Master Promisory Note:
Searching for '30 year student loan repayment' on google turns up a
series of consolidation companies, all offering 30 year repayment
terms for loans over $60,000.
FederalConsolidation.org from the Access Group:
It appears that all of these companies are simply acting as agents of
the US Department of Education and their Federal Direct Consolidation
Loans program. Information about this program is available at the
Department of Education website:
I hope this answers your question; if you need further information,
please ask for clarification.
Department of Education
30 year student loan repayment