In a typical 30 - year fixed - rate mortgage scenario, the borrower will start out paying mostly interest during the first years of the repayment term. (homebuyinginstitute.com)
You have a variety of repayment plan options and have the opportunity to change your repayment plan at least annually. (nslp.org)
Some plans reduce your monthly payment by extending the length of the repayment period for student education loans, while others adjust your monthly payment based on your income. (consumercredit.com)