ERIC Number: ED471498
Record Type: RIE
Publication Date: 2002
Repaying Your Student Loans.
Office of Federal Student Aid (ED), Washington, DC.
This guide explains available repayment options for federal student loans so that students can repay their debts successfully. It also tells the steps students should take so that they will not get behind in payments or go into default. It is emphasized that federal student loans are real loans, just like car loans or mortgages, that must be repaid. Repayment is usually delayed for a grace period that depends on the type of loan. How interest is calculated, where to send repayments, and the types of repayment plans for the various kinds of loans are outlined. Repayment options, including consolidation, deferment, and forbearance, are described. Loan discharge and default are discussed, and facts a student should know and remember are summarized. Frequently asked questions and answers are presented. A glossary of important terms is included. (SLD)
Descriptors: College Graduates, Federal Aid, Higher Education, Loan Default, Loan Repayment, Student Financial Aid, Student Loan Programs
For full text: http://studentaid.ed.gov/students/publications/repaying_loans/index.html.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: Office of Federal Student Aid (ED), Washington, DC.