It is important to stay on top of your loan information, and making sure to contact your loan servicer if you are having trouble making payments can help you avoid default.
Do you want to know what happens if you don't make a payment on time or if you don't?
yes
ok note that if this happens your loan is delinquent and late fees may be charged. Even if you are behind on your loan, you can still avoid default, so it is important that you contact your loan manager immediately.
Loan Consolidation is also something I'd like to learn about. What if I need to refinance a defaulted plus loan for my son's education?
The only income-driven plan you can choose is the Income-Contingent Repayment Plan (ICR).
I also want to ask about the loan agreement, what can I do to avoid non-compliance?
Take the time to fully understand your loan agreement and the types of loans you are receiving. It is also important that you do not borrow more than you need or more than you expect to be able to pay
Now I have a completely unrelated concern about the annual deadline. Are there any consequences if I don't re-certify my annual income and family size by the deadline?
In this instance, any unpaid interest will be capitalized added to the principal balance of your loans. This will increase the total cost of your loans over time, because you will then pay interest on the increased loan principal balance
I was looking on the internet. how can I track my loans online?
Find information on all your federal student loans from the US Department of Education by logging in to "My Federal Student Aid".
What is a point for which loans, scholarships or study and work funds must be repaid?
Please note that it is a legal document. Signing a promissory note means that you agree to repay the loan in accordance with the terms of the promissory note.
what advice can you give me to avoid non-compliance