How do I know if I borrowed federal loans?
Your financial aid award letter includes any federal, state or private loans you borrowed at Emmanuel College. For a comprehensive list of your federal loans, which includes servicer contact information, please visit the National Student Loan Database System at nslds.ed.gov.
State and private loans are not listed on the National Student Loan Database System. If you do not recall whether you borrowed a state or private loan, please contact our office and we can assist you.
When do I start repaying my loans and how much do I repay?
Most loans are deferred (repayments not required) for six months after you are no longer enrolled in school at least half-time. The Federal Perkins Loan is deferred for nine months after you are no longer enrolled at least half-time. Check with your lender for your specific deferment period – also referred to as grace period.
Federal student loans have payment options developed to help students in all financial situations. To learn about the different repayment options, please visit StudentAid.gov/repay.
What if my deferment period has ended and I am unable to make payments?
If your deferment period has ended and you cannot make payments on your loans, you may qualify for a forbearance. Forbearance allows you to postpone or reduce your monthly payments.
Additionally, federal student loans offer various repayment options to help students. For example, your monthly repayment amount may be reduced if you have a low annual income. To learn more about repayment options, please visit StudentAid.gov/repay.