When do I have to begin repaying a non-consolidated federal student loan?
You will only have to begin repaying your student loan after you leave college or your enrollment drops below half-time enrollment. On the other hand, a PLUS loan will need to begin repayment once the loan has been fully disbursed.
Your loan lender or loan servicer is responsible for providing you with a loan repayment schedule. This schedule will state when your first payment will be due, in addition to the amount of each payment, and the number of overall payments. Your loan may come with the benefit of a grace period. Download PDF
The Student Loan Assistance Counsel (SLAC) is a third party provider and is not associated with any government entity including the Dept. of Education. SLAC is a private organization specializing in Document Preparation, Submission, and Tracking. We offer a free counseling session to help identify which Federal programs are available to you. Our service consists of the Preparation, Submission, and Tracking of your Federal Student Loan Consolidation Documents. Consumers are not obligated to use a third party resource and may choose to complete their own documents for student loan consolidation based on the federal programs. SLAC does not provide services for debt negotiation, debt settlement or any altering of the current debt. Our services are strictly for the assisting in the completion, submission, and tracking of federal student loan program documents.