Rest assured that the Federal and State Governments will track you down for repayment. All government guaranteed student loans will be collected. Generally there are two disbursements per academic year. The first disbursement is made after the student has been in attendance at least 30 days during the period of enrollment for which the loan was made. The following is a sample repayment schedule for the Federal Stafford Loan Program.
Borrowers are better off when they borrow conservatively, budget wisely, and plan ahead.
Knowing the monthly payments for the amount you borrow is a great start. The Lions Club and other organizations and individuals have contributed to make an emergency loan fund available at College of the Siskiyous. Such loans are usually of small amounts to cover fees, books, and supplies. Repayment is normally scheduled within 30 days. Short-term loans can be applied for in the Financial Aid Office and will be processed quickly.