FAQ
FAQ
When do I have to repay my loans?
Federal Direct Loans (Subsidized, Unsubsidized, and Grad PLUS) and UNC Loans have a grace period 6 months from:
- the date of your graduation, OR
- the date you drop below half-time enrollment, OR
- the date you withdraw from school.
Before it is time to start repayment, you will receive a repayment schedule from your federal loan servicer for federal loans that tells you the total amount borrowed, current interest rates, due dates for payments, and total you will pay over the life of the loan if you follow the schedule. You can estimate your monthly repayment amounts using online loan repayment calculators. CFNC, FinAid.org, and the Federal Student Aid website are among some of the sites offering calculators. Be sure to check with your loan servicer for the various types of payment options, deferments, or loan cancellation available for your particular type of loan. UNC Loans are repaid to ECSI, the loan servicer. You can learn more about repayment on their website.