Saturday, September 12, 2009

If you do not receive payment information from your loan holder, it is your responsibility to contact them!

Interest information: You are responsible for paying
the interest that has accrued on your unsubsidized
Stafford and Grad PLUS Loans from the time of the
first disbursement. Though you're not required to
make payments while in school, you should pay as
much of the interest as possible to avoid a higher
principal balance that will occur if the interest is
capitalized (added to your principal balance).  Lenders
will typically capitalize the interest that accrued on
your loans while you were in school on the day your
loans enter repayment. 

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