January 1 to March 31 April 1 to June 30 July 1 to September 30 October 1 to December 31 Accounts that enter repayment in the middle of the quarter will also receive an interest statement for the time previous to the repayment. The interest statement will include any outstanding interest. The outstanding interest can include interest from previous quarters or prior to a subsidized deferment. When the interest is set to be capitalized the borrower will receive a quarterly notice of interest accrual. The borrower may pay these notices of interest accrual to prevent the interest from being capitalized at the end of the deferment, forbearance, or maturity.
Borrowers have the option to pay all of the interest notice, a portion, or none at all.
Due Dates Due dates from the 1st through the 28th are available. We will honor the original due date set up at the bank. A due date can only be changed if the account is current. If a borrower requests a new due date and the account is delinquent, the delinquent payments must be submitted before the due date can be changed. A due date cannot be changed if the account will become delinquent as a result of the change.