Monday, March 11, 2013

What to Expect in Student Loan Repayment

Say you're getting out of school and you have student loans. What are you to expect? Below is a great video explaining what to expect when you are approaching graduation.





In most cases, Stafford Loans have six months of grace period before you have to go into repayment. However, there are situations where you might have already used your six month grace period. If you are not sure, you should always contact your servicer. While the school can assist you with many FA related questions, once you have graduated your best contact will be your loan servicer. They will have the most current and most specific answers to your individual needs.

The best advice anyone in financial aid can give you is if you have any problems or questions, contact your loan servicer as soon as possible. The worst thing you can do is put things off because often the problems will compound quickly, and usually the problems could've been avoided with a phone call.

4 comments:

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  2. I have been going to school for a few years now. However, I am in some serious debt due to student loans and such. Thank you so much for the tip on how to consolidate my debt. I really like the idea to talk to my loan servicer. I will definitely do that.

    http://studentloanreliefservice.com/f-a-q/

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