The borrower may prepay all or 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. The borrower should refer to their promissory notes for the specific deferments and cancellations available to them. 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.