How is the consolidation loan repaid?

The first payment is due no more than 60 days from the date the Consolidation loan is disbursed. Repayment schedule choices include:
Standard payments (fixed monthly payments over a fixed time)
Graduated payments (payments which gradually increase over the years)
Income-Sensitive payments (variable payment amounts based upon annual income) and
Extended payments (more than $30,000 over a 25 year period or more than $60,000 over a 30 year period).