Loan Repayment

Understanding the details of repayment on your federal student loan can save you time and money. It is important to know when repayment begins, what payment plan options you have, how to make a payment, and how to pay off your loans faster.

Once you graduate, drop below half-time enrollment, or leave schofol, your federal student loan goes into repayment. However, if you have a Direct Subsidized or Direct Unsubsidized loan, you have a one-time six-month grace period  before you are required to start making regular payments.

Parent PLUS loans will go into repayment as soon as the loan is fully disbursed—which means once it’s paid out to SUNY Delhi (typically during the spring semester for full year loans). Parents may request a deferment by contacting their Loan Servicer.

To prepare for repayment, it is very important that students and parent borrowers keep their contact information up-to-date in their Studentaid.gov  account.  Loan services usually reach out with updates regarding repayment or if your loans are being transferred to a new servicer.  

Repayment Resources:

• StudentAid.gov 
  • Summary of loan balance, accrued interest, and a breakdown of each loan
  • View your loan status (in repayment, deferment, forbearance etc.)
  • View your loan servicer(s) and upcoming payments due dates
  • View your loan documents
  • Update your contact information
• Direct Loan Exit Counseling
• FSA Student Loan Repayment 
• NYS Get on your Feet Loan Forgiveness Program 
• Public Service Loan Forgiveness (PSLF) 
• Education Debt Consumer Assistance Program (EDCAP) 

  • Leaving school with student debt? After your six-month grace period, student loan repayment begins—and avoiding it can be costly. EDCAP offers free, one-on-one expert guidance to help you choose the right repayment plan, lower monthly costs, and explore forgiveness options. Build a strategy to manage debt confidently.

    Learn more at edcapny.org .