ahhhhhh student loans

I think they do this to give you a chance to get a job in the career field that you are going in. I know I will have student loans to payoff once I am done with my college and I'm not really looking forward to it, but at the same time I am grateful for having the loans.

When you are done with school you get a 6 month grace period to not pay since most people can not afford to. The interest does start right away and they make you aware of that so that you can make payments on the interest if you so choose.

well i guess they just wanted you not to worry about paying it as early as this month (MAY). but of course, since they loaned an amount to you the the interest have started as they wished to charge. i wonder why interest starts only this may when you have gotten the loan previously? in here banks, etc give out loans only to employed people. you can't ge a loan if you are only a student. its not possible in the country... its nice that they have that for you at least students and those who wish to study can continue and finish school.

Hey! It depends on how much you pay. I believe you are charged interest all throughout the time you have the loan. You have to start repaying your loan six months after you stop going to school. They credit report their accounts to the credit reporting agencies (TransUnion, Equifax, and Experian). So I would highly suggest you stick to your payment plan. Don't worry too much about the interest because you can claim all the loan interest on your federal income taxes and it makes A HUGE difference. It will make you get (for example) a few hundred dollars more back on your federal income tax. I would definitely suggest to make all payments on time (they allow you to mail in payments, one time payments online, or they allow you to enroll in their electronic payments where they take the payment every month out of your checking account). If you are having trouble paying the money back you should call their number and work some type arrangement to avoid a collection account on your credit report. Usually the payment schedule is 1% of what you owe each month. For example if you owe 20 000 your monthly payment will be around $200. If you can pay more they will let you so it's up to you. Their interest rate is so low that I don't even worry paying more. Plus, as I wrote earlier, you can claim all the interest on your income taxes! Pablo