Loan repayment

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You begin repaying Federal Direct Stafford loans six months after graduation, leaving school, or dropping below half-time enrollment. You must complete federally required Exit Counseling before you graduate from SPC, if you drop below half-time attendance, or withdraw from classes completely. Your academic records will be on hold until this is completed. 

The Department of Education offers Loan Repayment Plans and Calculators.

When your loan is due, your federal loan servicer will mail you a payment schedule with your monthly payment of principal and interest, and the unpaid balance for each month it takes to repay your total debt. If they do not contact you, you are still responsible for making payments.

Login to Federal Student Aid for find your Federal Loan Servicer.

loan servicers title 

Aspire Resources, Inc.
CornerStone
ESA/Edfinancial
FedLoan Servicing (PHEAA)
Granite State – GSMR
Great Lakes Educational Loan Services, Inc.
MOHELA
Nelnet
OSLA Servicing
Sallie Mae
VSAC Federal Loans 
855-475-3335
800-663-1662
855-337-6884
800-699-2908
888-556-0022
800-236-4300
888-866-4352
888-486-4722
866-264-9762
800-722-1300
888-932-5626

National Student Loan Data System (NSLDS)

With your PIN, you can access NSLDS, a national database that contains your financial aid grant and loan history from any school, including SPC. This includes grants, federal Stafford and PLUS loans, whether borrowed directly from the Federal government or a private lender. Private loans are not listed on NSLDS. NSLDS is accessible by guaranty agencies, lenders, and institutions determined to be authorized users of the data system.

Loan repayment