Once you understand what to anticipate is a essential step up getting ready to repay your federal pupil loan(s).
Learn as soon as your payment that is first is
We provide online tools and information that will help you prepare to help make that very first repayment. If you want extra assistance, contact Solutions at ECMC—our counselors will be ready to help you.
Whenever is my payment that is first due?
Very first payment is born as soon as your elegance duration ends, which for the majority of federal student education loans is half a year when you graduate, withdraw, or fall below half-time enrollment.
ESSENTIAL NOTE: beneath the Master Promissory Note, it really is your obligation to learn where and when to deliver your payments—do not wait to get a repayment statement or notice in order to make your re re payment. You first, you may have already missed a payment if you wait for your loan servicer(s) to contact.
To learn as soon as your elegance duration ends and your payment that is first is, speak to your loan servicer(s). In the event that you don’t understand whom your loan servicer(s) is, look at the National scholar Loan Data System (NSLDS), the main database of federal education loan information. You might have significantly more than one loan servicer.