"Standard repayment" refers to a set way of paying back money borrowed, usually with fixed monthly payments over a certain period of time until the debt is fully repaid. Full definition
Monthly payments are lower than under the 10 - year standard repayment plan which may increase the total interest cost of the loan over time. (studentloans.net)
That is because graduates who pay their loans back under standard repayment plans pay far less interest. (oldnational.com)
Standard repayment term lengths are available with either company, since they each offer terms of 5, 7, 10, 15, and 20 years. (lendedu.com)