Funds Transfer) to the student's billing account
Repayment begins 60 days after last academic year disbursement of loan. Note that payment can be deferred while the student is enrolled at least half-time, and for an additional six months after the student ceases to be enrolled half-time. Interest accrues and will be capitalized if not paid by the parent during deferment.
Important Benefit: Repayment may be cancelled in the event of parent or student death or total and permanent dissability.
10-year repayment for loan borrowing under $30,000. Extends
to 25 years over $30,000
NSLDS Access: NSLDS is the U.S. Department of Education’s central database for Title IV student aid. Inquiries can be made to this website for Title IV loans (Direct and Perkins) and/or Pell grants. The site displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements. In order to use the NSLDS Student Access website, you will need to login with your FSA ID username and password. If you do not have a username and password, you can create one on the site.