Repayment begins six months after graduation, withdrawal or less than half-time enrollment. There are several repayment options available:
The U.S. Department of Education will provide the borrower with an opportunity to select a repayment plan based on the plans for which the borrower may qualify. If the borrower does not select a plan, the department will assign the borrower the standard repayment plan. The U.S. Department of Education will issue a repayment schedule that provides payment amounts and due dates. The education department may grant the borrower forbearance to eliminate a delinquency. The borrower may prepay all or any part of the unpaid balance on the loans at any time without penalty.
For additional information on understanding repayment plans, details and eligibility criteria, visit The Direct Loan Service Center, a resource for borrowers, their families and advocates.
Consolidating allows borrowers to combine one or more of their federal education loans into one new loan to simplify repayment, which can extend the repayment term and allow for lower monthly payments. For more information on federal loan consolidation, please vist the Department of Education's Federal Direct Loan Consolidation.
Learn more about the Federal Direct Loan Program:
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Student Financial Services home
Fax: 518-581-2782Mailing Address: Empire State CollegeFinancial Aid111 West Ave.Saratoga Springs, NY 12866
Questions? Contact the Student Information Center at 518-587-2100 or 800-847-3000.
Code: 010286Name: SUC Empire State College
Undergraduate: 0913Graduate: 5680 (for graduate students applying for Veteran Tuition Awards)
Students planning to attend 2016-2017 should complete the Free Application for Federal Student Aid for 2016-2017. Students wishing to get an early jump on applying for financial aid for 2017-2018 (enrollments beginning on or after May 15, 2017) can do so by submitting the 2017-2018 FAFSA.