YourLoanAdviser is here to assist you from the time we start servicing your loans until they are paid in full. We recognize the repayment period can sometimes be challenging. That’s why we make private student loan repayment easy, offering you a variety of repayment options. You’ll find information on repayment and getting help paying for your student loans below.
That depends on the terms of your loan agreement. For some, the student loan repayment period begins immediately after the funds are disbursed. For others, repayment starts after they have completed their education. Regardless of when the loan enters repayment, the first payment due will typically be established within the first 60 days of the repayment period and continue monthly until the loan is repaid in full.
Payment terms of your student loan repayment plan are established to meet the requirements of your credit agreement/promissory note. These terms establish the monthly payment amount and are based on a number of factors, such as the:
A loan with a variable interest rate is subject to changing monthly payment amounts whereas a fixed interest rate loan will have the same monthly payment amount during the repayment term.
If you are not able to make your payment when due, contact us immediately for assistance. The earlier you contact us, the more options we’ll be able to offer you to meet your needs. Depending on your situation, your lender may allow you to defer your monthly payment for a limited period of time. Contact your student lending specialist to help you with this.