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." The "grace period" is designed to help you get financially settled before making payments, and it takes effect:

  • After graduation

  • Đang chơi bàiAfter leaving school or

  • When you drop below half-time enrollment

Make Payments After Your Grace Period

After your grace period is over, you will have to start making your payments. Do not miss any payments. Paying your loans on time will .

Select a Repayment Plan for Your Federal Student Loans

Within the grace period you may receive information about repayment from your lender. You’ll have a choice of several repayment plans. .

Đang chơi bàiMost federal student loans are eligible for at least one . These repayment plans are based on a percentage of your . They’re designed to make your student loan debt more manageable by reducing your monthly payment amount.

Contact Your Student Loan Originator

Your loan originator can answer your questions about repayment. If you don't know who your loan originator is:

  • Browse a list of .

  • Visit the for help. To use this system, you will need to create an account that will allow you to: 

    • Đang chơi bàiElectronically sign Federal Student Aid documents

    • Access your personal records

    • Make binding legal obligations

Đang chơi bài .

2. Request help from the FSA Ombudsman Group

If you have followed the guide and still cannot resolve your issue, as a last resort, . The FSA Ombudsman works with student loan borrowers to informally resolve loan disputes and problems. Use you’ll need to discuss the dispute with them.

. This system contains financial aid information collected from schools, agencies, and other educational institutions. You will need your Federal Student Aid (FSA) ID information to access your account. Or, you may contact the Federal Student Aid Information Center (FSAIC).

Resolving Defaulted Loans

The helps student loan borrowers, who are in default, to arrange debt payments. There are multiple ways to contact the , or you may call 1-800-621-3115.

Đang chơi bàiFor more information on defaulted student loans, see .

Eligibility for Loan Forgiveness, Cancellation, and Discharge

Loan Forgiveness

Đang chơi bàiYou may qualify to have some or all your federal student loan amount forgiven if you enter and continue to work full-time in a nonprofit or public service job. Learn more about the .

Loan Cancellation, or Discharge

Under certain circumstances, a school or financial institution will agree to . Continue making payments on your loan until you hear whether your discharge went through, or if you qualify for forbearance (a temporary suspension or reduction in payments).

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Đang chơi bàiLast Updated: August 12, 2020