Repaying Your Loans
You repay federal student loans after you're no longer attending SLCC or if you're no longer enrolled in at least 6 credit hours. Federal loans have a grace period after graduation before you have to start repaying the loan.
When do I have to start repaying my student loans?
- Stafford Loan: 6-month grace period before repayment begins
- Parental Loan for Undergraduate Students (PLUS): Payment begins 60 days after disbursement
- Emergency Book Loan: The full loan amount, plus a $10 service charge, is due by the end of the semester
How do I repay my student loans?
- Stafford Loan – Visit the U.S. Department of Education Student Aid
- Books & Supplies Loan: Pay balance on student account
- Parental Loan for Undergraduate Students (PLUS) – Visit the U.S. Department of Education Student Aid