Generally, you'll have from 10 to 25 years to repay your loan, depending on the repayment plan that you choose. You can choose to repay your PLUS loan using the Standard, Extended, or Graduated repayment plan.
The Direct Loan Servicing Center will notify you of the date your first payment is due. If you do not choose a repayment plan, the Dept. of Education will place you on the Standard Repayment Plan, with fixed monthly payments for up to 10 years. Most Direct Loan borrowers choose to stay with the Standard Repayment Plan, but there are other options for borrowers who may need more time to repay or who need to make lower payments at the beginning of the repayment period.
Parents can change their repayment plans at anytime by going to the Direct Loan Servicing Center's website at studentloans.gov and logging into their account.
For questions about a loan that has been transferred from the Direct Loan Servicing Center to a new federal loan servicer, please contact the new servicer. Contact information for the appropriate servicer can be found on at (http://ifap.ed.gov/ifap/helpContactInformationDetailedList.jsp?lsc=1) on the IFAP Web site.