Learn whenever your very first repayment is born
We provide online tools and information that will help you prepare to help make that very first repayment. If you’d like extra assistance, contact Solutions at ECMC—our counselors are prepared to work with you.
Whenever is my first repayment due?
Very first re re payment flow from as soon as your elegance period ends, which for some federal figuratively speaking is half a year once you graduate, withdraw, or fall below half-time enrollment.
ESSENTIAL NOTE: beneath the Master Promissory Note, it really is your obligation to understand where and when to deliver your payments—do perhaps not wait to get a repayment statement or notice in order to make your re re re payment. You first, you may have already missed a payment if you wait for your loan servicer(s) to contact.
To discover if your grace duration ends and your very first repayment arrives, contact your loan servicer(s). In the event that you don’t understand whom your loan servicer(s) is, look at the National Student Loan information System (NSLDS), the main database of federal education loan information. You might do have more than one loan servicer.
Whenever does my elegance duration begin?
When you have a loan(s) this is certainly qualified to receive a elegance duration, some of the after circumstances begins your grace duration.
- Graduating from school
- Withdrawing from or school that is leaving
- Dropping below half-time enrollment