Read the story in CNBC below.

https://www.cnbc.com/2020/10/01/patrice-washington-reacts-to-a-millennial-with-30000-dollars-in-student-debt.html

Should Ms. Contreras divert more money out of her monthly saving to pay off her $30,000 student loan sooner? What would be the conditions for and against paying it off sooner?

Apart from this case, the government provides anExtended Repayment Planthat allows a student loan borrower toextendthe time he/she has to pay back your student loan from 10 years up to 25 years, with the same interest rate. What is the disadvantage of using such an extended plan?