I have some student loans that are above $30K. I wanted to reduce my monthly payment from $400 to something lower. The only program they offer is '"Extended Repayment" where I can pick between 2 to 4 years of just paying interest. What are your thoughts on it? My thought was to go for it to reduce monthly payments, and then pay off the higher interest loans @ 7% and then just pay the 2.3% ones. I would pay $200 monthly, but at least I don't feel it is a big ding out of my paycheck, and I could save to make more lump payments over the next few years to pay it off. Thoughts?