With this plan, you may be eligible for a higher loan amount of $76,043, which can help cover the full range of educational and living expenses for you and your dependents.Repayment is flexible, with terms ranging from 7 to 8 years. The loan is open-ended, meaning you can make additional payments whenever you’re able, without any penalties. Early or extra payments can reduce your total interest, which is set at a monthly rate of 1.4%. This option ensures that families can access education without compromising their financial stability.