Stafford Loan repayment

You have a choice of federal repayment options, depending on the loan program you are applying for, so you can choose the one that best meets your individual needs. It is up to you to develop a budget for managing your educational expenses.

• Begins 6 months after you cease to be enrolled half time.

• At least $50 per month.

• There are charges for late payments.

• There may be prompt-repayment incentives to reduce loan.