Answer: 10 years
Explanation:
When the student is not able to pay the loan on regular basis then the repayment plan is available that is called standard repayment plan. It is a kind of default plan for all and most kind of student loans. In this the monthly payment is broken down of an amount of $50 which is the minimum amount for loan pay for the duration of maximum 10 years. This payment plan helps to lower down the interest money on the payments.
