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Student Loan Repayment


Just when your education starts to pay off for you, it will be time for you to start paying off your student loans. After you graduate, leave school or drop below half-time enrollment status, you’ll have a six-month grace period before you begin repayment on your federal students.

It’s important to understand your repayment options, as well as your right to deferment and forbearance. Your federal loans will also be eligible for consolidation—an important option that can make repayment more manageable.

All of this will be explained to you during your exit counseling, which the federal government requires of all student loan borrowers prior to graduating or leaving college.

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Last updated Saturday, November 07, 2009