Student Loans. A straight forward guide to managing your student loans.
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In general, Direct loans are paid to the Direct Loan Servicing Center (contact information is in Chapter 5) and Perkins loans to the school, but this isn’t always a simple question
If you think you might have a problem making the scheduled payments on your loans, contact the Direct Loan Servicing Center immediately to discuss other repayment plan options and
• Apply additional income to any debt with higher interest rate (student loans, credit cards, car loan, etc.). • Inform lender that extra payments are to be applied
• Not eligible for income-driven repayment plans or Public Service Loan Forgiveness • Not eligible for federal consolidation.. • See primer on private loans
will be greater than the total interest paid under a standard repayment plan, but any outstanding principal and interest still owed after 20 or 25 years of qualifying
Student Loan Consolidation – Combines all of your federal student loans into one, fixed rate loan.¹ If you decide to extend your repayment term, your monthly payment can also
NOT eligible for Income Driven Repayment Plans or loan forgiveness. Cannot be combined or consolidated with your federal loans Credit check is required, a co-signer may
5% Fixed 9 months after school Federal Stafford/ Direct Loan Undergraduate Subsidized 3.86% Variable Unsubsidized 3.86% Variable 6 months after school Subsidized: no