Before your repayment begins, develop a plan that puts you on track.
Is there any way to get an interest rate deduction on a Direct Loan?
If you schedule an automatic monthly electronic debit of your loan payment from your bank account, you may receive a 0.25% interest rate deduction on your Direct Loan.
Can you give me some more information about the types of repayment plans available?
Actually, besides for paying off your loan, there is also a possibility of having your student loan forgiven as well.
Is there a grace period after graduation?
After you leave school or drop below half-time enrollment, you have a six-month grace period sometimes nine months for Perkins Loans before you must begin making payments.
Would that be when I would have to begin making payments?
Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment.
Is your loan a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan?
Yes, it is.