Consolidating student loans from aes

Certain eligibility conditions apply and an annual renewal is required – so be sure to find out how these plans work.

If you're repaying federal student loans in an Income-Driven Repayment (IDR) plan, each year you need to re-certify your plan by providing updated income documentation and certification of your family size.

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Generally, this is around the same time of the year that you first began repayment under the IDR plan that you selected.

It's important for you to provide the required information by the specified annual deadline.

If you miss the deadline, unpaid accrued interest may be capitalized (added to the Unpaid Principal), and your monthly payment will no longer be based on your income.

This may cause your Monthly Payment Amount to increase.

After 180 days, you will need to apply for a new Direct Consolidation Loan.

Deferment is a period when you postpone making payments on your loan.For Post-Active Duty, if you were serving active duty in connection with a war, military operation, or national emergency, for the 13-month period following the conclusion of that service, or until you return to college or career school on at least a half-time basis, whichever is earlier.Rehabilitation Training Program You may be eligible if you are enrolled in an approved rehabilitation training program for the disabled.You are not responsible for paying accrued interest on subsidized federal loans during most deferments.You remain responsible for interest that accrues on your unsubsidized loans.For FFELP Loans only A repayment plan based on your income can help you manage your federal student loan payments.

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