QCan I Change My Repayment Plan In The Future After Loan Consolidation?
AYou can change your repayment term at least once each year. This flexibility allows you to adjust your payments according to your current financial situation. However, many borrowers choose a standard plan and simply pay more when they have adequate financial resources. Since you may pay your loan off early without being responsible for the interest accrual you would have had to pay on a longer term loan, this is very advantageous.