topic Re: paying loans. in Student Loans

paying loans.

afbar1114 — Fri, 04 May 2012 01:42:12 GMT

i am still in school and i want to start making some payment to sallie mae. i dont need to start paying untill i am done with school. but if i start paying will i end the grace period? and where can i find my fed loans so i can start paying them too?

Re: paying loans.

laz98 — Fri, 04 May 2012 05:13:46 GMT

No, making payments will not end your grace period early.

You don't have the paperwork for your loans, telling you who the lender is, & how to make your payments?

Re: paying loans.

afbar1114 — Fri, 04 May 2012 12:25:42 GMT

laz98 wrote:
No, making payments will not end your grace period early.

You don't have the paperwork for your loans, telling you who the lender is, & how to make your payments?

most of them are sallie mae or Dept of Ed.

Re: paying loans.

Dadaluma83 — Fri, 04 May 2012 14:36:04 GMT

Making payments on your loan during the grace period doesn't end it. It just makes your principle balance lower so when you do leave school you have less to pay back.

You should already have an online account set up with the company that manages your loans, mine is great lakes. You just go into it and make a payment to your loans like you would for a credit card's online banking.

If you don't have an online account or anything contact the company that manages your loan and have them set you up so you can begin making payments.

Re: paying loans.

laz98 — Sat, 05 May 2012 00:12:34 GMT

Definitely get online accounts set up with both of those. It will make your life easier.