Indiana university southeast federal direct stafford loan adjustment 2025

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Once you graduate, drop below half-time enrollment, or leave school, your federal student loan goes into repayment. However, if you have a Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loan, you have a six-month grace period before you are required to start making regular payments.
Payments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans). These loan types are eligible: Direct Subsidized and Unsubsidized Loans.
You will start repaying the loan on completion of your studies. However, during your time of study, your surety will pay the monthly interest and fees.
After you graduate, leave school, or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, youll receive repayment information from your loan servicer, and youll be notified of your first payment due date.
If you are currently applying for a new loan and your school uses the term Stafford Loan, they are talking about a Federal Direct Loan. However, if you attended school before July 2010, you may have a Stafford Loan and are still required to pay those loans.
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``Stafford Loans qualify for PSLF, but not automatically. They must be consolidated into a Direct Loan before being eligible for forgiveness There are two types of Stafford Loans: Subsidized and Unsubsidized Loans.
Your monthly payment amount depends on what repayment plan youre on, so you may be able to lower it by switching plans. If youre already on an income-driven repayment (IDR) plan, you may be able to lower your payment by updating your income information.

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