You must start repaying your loans 6 months after you are no longer enrolled in college.
If you take a semester (or longer) off from college, this means that you will need to start making payments on your loans beginning 6 months after your last date of college enrollment.
What if I don’t pay it?
Student loans are one of the most important bills to pay. It’s the only loan that you cannot get rid of through bankruptcy. You must pay it.
Defaulting on (not paying and simply ignoring) your loans results in harsh consequences for your credit. This means it can prevent you from renting an apartment or purchasing a car. It’s a HUGE DEAL.
But, what if I can’t afford to pay it?
There are plenty of repayment options. Call your loan servicer and tell them your situation and they can help determine an affordable payment. You also have a limited amount of forbearance time (when you won’t be billed because you can’t afford to pay) that you can request. You have to get approval for this before you neglect to pay your loans.
Can you help me with this?
Of course. Call, text, or email me anytime.









