All deferment and cancellation privileges are discussed during the exit interview, as well as provided with the loan exit materials. All payments made during the grace period are interest free. The borrower may prepay any portion of the principal plus any accrued interest at any time. If you remit more than the amount due for an installment, the excess will be applied to principal unless you designate it as an advance payment on the next regular installment. Note, if paying in advance, you must remit the total installment amount.
All payments made during the grace period and repayment period are interest free.
The borrower may prepay all or any portion of the principal at any time. If you remit more than the amount due for an installment, the excess will be applied to principal. Note, if paying in advance, you must remit the total installment amount. When a student separates from Bowling Green State University or drops below half-time status, the loan exit process will begin. Student Loan Collections will generate and mail the exit packet to the student's home address.