For Federal Direct Student Loan Programs, loan repayment begins six months after you graduate, withdraw, or drop below half-time status for the loans you have borrowed while attending NNU. The exact schedule and amount of your repayment will not be known until your loan repayment begins. Check with the Department of Education for more information and loan repayment calculators to assist you in estimating your monthly payment.
If you had student loans prior to attending NNU, please be aware that you may have already used your six (6) month grace period for those loans. As soon as you graduate, withdraw, or drop below half-time status and even possibly with half-time status if you do not have a new loan for that year, you can enter repayment on those prior loans immediately.
For loan deferment options, it is best to contact the U.S. Department of Education. Please also contact the U.S. Department of Education regarding consolidation www.loanconsolidation.ed.gov. If you are unsure who your lender is, please contact the Financial Aid Office or log into www.nslds.ed.gov using your FSA ID. This website will only show your federal student loan and grant history and does not include any alternative or outside loans you may have borrowed.
To learn more about debt relief from the U.S. Department of Education, visit www.studentloans.gov. Never pay a company for debt relief services, as these services are provided for free by the U.S. Department of Education.
For eligible borrowers, these services include, but are not limited to:
- Lowering or capping monthly payments
- Loan forgiveness
- Loan consolidation
- Default advice
For more information, please view the video below. (1:08)