Before Loan Repayment

As a borrower, you may prepay all or any part of the unpaid student loan balance at any time without penalty. Payments will be applied first to any accrued unpaid interest and fees with any remaining amount applied to principal.

• 直接补贴/非补贴，FFEL Stafford, PLUS, and alternative loan servicers will provide assistance regarding payments made during grace and deferment periods. Log in at StudentAid.gov and review the details for each loan listed for servicer contact information
• For Perkins, Nursing, 机构贷款, contact 学生财务服务 for payment information during grace and deferment periods.

利息开始累积在无补贴的直接, FFEL Stafford, PLUS, 以及支付时的替代贷款. 你可以选择在利息累积时支付 or, 如果你选择让它累积, it will be added to the principal balance of your loan when it enters repayment in a process called “capitalization.”  Capitalization increases the total cost of your loan. 

For example, on a $3,500 loan with an interest rate of 6.8%:

• If you paid the $19.83 interest each month while in school, you would pay a total of $950 in interest over the life of your loan. (Length of repayment: 7.5 years.)
• 如果你不付利息的话 在学校的时候也借了同样的钱, 你总共要付1美元,在你的贷款期限内，利息为486英镑. (Length of repayment: 9.6 years.)

Following your last day of half-time (6 undergraduate credits or 3 graduate credits) or greater enrollment, your loan may enter a grace period before you begin repaying it. The length of the grace period depends on the type of loan:

• 直接补贴/非补贴，FFEL Stafford, Grad PLUS 机构贷款: six months.
• 珀金斯和护理贷款:9个月.
• Alternative (private) loans: Check with your lender or loan servicer.

If you return to half-time or greater enrollment before the grace period ends, the entire grace period will be available when you next drop to less than half-time status, withdraw, or graduate.

If you return to half-time or greater enrollment after the grace period ends, the loans on which the grace period has expired will be eligible for in-school deferment but will not receive another grace period prior to repayment. 这些贷款立即偿还, including any period when the borrower is enrolled less than half-time.

Prepare for repayment

Your grace period is an excellent time to create a realistic budget for your income and expenses, 包括所有贷款.

• Budget information and an interactive worksheet is available at CashCourse and may be available from your loan servicer(s) or your bank.
• Financial Awareness Counseling and Exit Counseling provided at StudentAid.gov also include budgeting and loan repayment information.

Review of the repayment plans offered for 直接补贴/非补贴，菲尔·斯塔福德和PLUS贷款 and loan consolidation options may be helpful to achieve a total monthly loan payment amount that fits within your budget.

Your loan servicer(s) will send you information about your loan prior to repayment. Be sure to read all communications from your loan servicers carefully and contact them if you have any questions.

• 直接补贴/非补贴，FFEL Stafford, PLUS, and alternative loan servicer(s) will send you information about the date your loan will enter repayment, the minimum payment amount, and other information. Online information may also be available from your loan servicer(s).
• Perkins, Nursing, 机构贷款 exit counseling documents provide repayment information. You may also review repayment information online at Heartland ECSI.
• 当需要改变的时候, update your contact information with each of your loan servicers to ensure that you receive all notifications.

Your loan servicer(s) will provide monthly statements or coupon books for payment of your loans. Statement notification via email or text may also be available.

• Online payments 可以通过贷款服务商的网站进行吗.
• Automatic debit payments 可透过你的贷款服务机构安排. These payments are directly pulled from your checking or savings account. Some loans receive a benefit for making payments via automatic debit.

Contact your loan servicer(s) or review your servicer website(s) for additional information.

If you have trouble making your loan payment, don't wait — contact your loan servicer immediately.

直接资助/非资助的利率, FFEL Stafford, and PLUS loans are specific to the type of loan and academic year that the loan was borrowed in. Information about interest rates for these loans is available at StudentAid.gov. The interest rate for each loan will be available from your loan servicer(s) and in the details for each loan record maintained at StudentAid.gov.

Perkins, nursing, and SPU institutional loans have a fixed interest rate of 5 percent.

应计利息和资本化

Unsubsidized loans

• At disbursement, interest 开始产生(或积累) on unsubsidized Direct, FFEL Stafford, PLUS, and alternative loans. 你可以选择在利息累积时支付, 或者如果你选择让它累积, it will be added to the principal balance of your loan when it enters repayment in a process called “capitalization.”
• Capitalization increases the cost of your loan, as shown in this example:
  • Loan amount: $3,500
  • Interest rate: 6.8%
  • 估计每月利息:19美元.83
  • 还款前的延期期限:36个月
• If you pay the $19.83 interest each month while in school, you will pay a total of $950 in interest 在你的贷款期限内(还款期限:7).5 years).
• 如果你不付利息的话 在同一笔贷款中，在学校期间，你将支付 总共1486美元的利息 在你的贷款期限内(还款期限:9).6 years)
• 在延期期间， 无补贴直接，FEEL斯塔福德， and PLUS loans will accrue interest.

Subsidized loans

• Subsidized Direct*, FFEL Stafford, Perkins, Nursing, and SPU Institutional loans will not 在延期期间计息. During periods of forbearance, unsubsidized and subsidized loans accrue interest.
• You may pay the accruing interest during a period of deferment or forbearance; any accrued, unpaid interest at the end of a deferment or forbearance period may be capitalized.

*Direct subsidized loans with a first disbursement date between July 1, 2012, and before July 1, 2014, will begin to accrue at the beginning of the six-month grace period.

Alternative loans

• Alternative loans may have a capitalization schedule that is more frequent. If you have an alternative loan, contact the lender for capitalization information.

如果你没有按时付款, 或者不及时要求延期, late charges and fines may be assessed and the delinquency will be reported to the credit bureaus.

If your loan continues to be delinquent for an extended period of time the loan may go into default (the point when a monthly payment has not been made to your loan servicer for an extended period of time). Your school, 拥有你贷款的贷款人, your loan guarantor, and the federal government can take action to recover the money you owe. 以下是违约的一些后果:

• National credit bureaus 会被通知，损害你的信用评级吗.
• You lose eligibility 申请额外的联邦(第四章)学生资助.*
• Funds may be withheld 从你的薪水中扣除，用来偿还贷款.
• 州和联邦所得税 refunds may be withheld and applied toward the amount you owe.
• 你可能得付滞纳金 and, if your loan is placed with an agency for collection, collection fees of at least 30 percent and up to 40 percent may be added to the entire loan balance. You will also be responsible to pay any court or legal fees caused by the default.
• You may be sued.

以下是有关联邦贷款违约的信息: Avoiding Default, Understanding Default, and Getting Out of Default.

*Eligibility for federal student aid may be restored by establishing satisfactory repayment arrangements and making six monthly payments over a six-month period.

Collections

When a delinquent loan has been sent to an agency for collection, the borrower must make repayment arrangements with the agency. The borrower is responsible for the additional collection charges and legal fees associated with collection of the debt, 如本票所示.

Rehabilitation

Defaulted 直接补贴/非补贴，FFEL Stafford, Perkins, PLUS, and SPU Institutional 贷款有资格恢复. 偿还拖欠的贷款, you must enter into an agreement with the loan holder and make nine on-time, monthly payments. 一笔贷款只能恢复一次. 康复的好处包括:

• 你的贷款将不再 被认为处于默认状态.
• 报告的默认状态 by your loan holder to the national credit bureaus will be deleted.
• 你将有资格享受同样的福利 that were available on the loans before the loans defaulted. This may include deferment, forbearance, and Title IV eligibility.

Direct loans

If you will be borrowing a direct student loan — Direct Subsidized, Direct Unsubsidized, Grad PLUS, and/or Parent PLUS — find the links and information you need here. If you have questions, 联络学生财务服务. For assistance with steps that need to be completed at StudentAid.gov，请致电1-800-557-7394联系DL申请人服务.

• 直接贷款主本票(MPN)
• 直接贷款入学辅导
• Direct Loan PLUS Loan Application (Grad and Parent PLUS)
• 直接贷款+咨询

Campus-based loans

All Institutional, Nursing and/or Perkins Loan requirements are completed online through ECSI.  Notification will be sent to your SPU email account when your documents are available, usually beginning in July.