REPAY YOUR LOAN

REPAYMENTS

Repayment is required according to the terms and conditions of your promissory "note/s". You must start repayment after the grace period ends.

The grace period begins when you:

• Graduate
• Fall below half-time student status (less than six units)
• Withdraw from classes
• Do not attend for a quarter

The length of the grace period depends on the loan program:

• Federal Direct Loan (Subsidized and Unsubsidized): Six months
• Federal Perkins Loan: Nine months
• University Loan: Nine months
• California Dream Loan: Six months

PRE-PAYMENTS

Is there a prepayment penalty if I choose to pay my campus based loans early?

• You can prepay all or part of your loan(s) at any time without penalty.

• You may be eligible to defer repayment if you go to another institution of higher education. Contact Student Financial Solutions or the University's billing agent, Heartland ECSI, (888) 549-3274.

As a borrower, at any time you have the choice without penalty prepay all or any part of the principal, plus the accrued interest thereon.

The amount you repay in the academic year, which the loan was made will be used to reduce the amount of the loan and will not be considered a prepayment. If you repay more than the amount due for any repayment period, the excess will be used to prepay the principal unless you designate it as an advance payment of the next regular installment from your campus based loan.