Don't worry making payments arrangements and paying back loans is as simple as paying back making a phone call to your banking or service lender. According to Claudia Hartwell, Assistant Director of Student Loans and Brenda Kennedy Student Loan Officer of First of America Bank, the key thing to remember when paying back loans is to get in contact with your lender or servicer to discuss payment arrangements. According to Hartwell , lenders are very flexible when it comes to working with students on loan repayment. There are several myths that go along with the world of loan repayments. Here's the real deal on loan repayment.
Loans also have to be repaid back if a student is attending a college less than half - time.
Perkins Loans must also be repaid 9 months after the last class is completed by a student. As long as a student is attending school at least half time do not have to worry about loan repayment yet. As far as obtaining financial aid to help pay for graduate school, the process is the same. A student fills out the Federal Financial Aid form. However, a student that is attending graduate school that has obtained their first bachelor degree is unable to receive any grants such as the Pell Grant and other grants.