Welcome to - COMPLETE | ED
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Repayment
Deferment of repaymentPrincipal and interest payments are automatically deferred for up to 60 months while you’re continuously enrolled in an approved school at least part-time. Interest will continue to accrue and will be added to the loan amount once repayment begins. Monthly paymentsNo payments are required until six months after you graduate or are no longer enrolled in an approved school at least part-time. The repayment period is up to 20 years, with a minimum monthly payment of $50. There are no penalties for prepayment. However, if the monthly payment is not paid within 15 days of the due date, a late fee will be charged. If you have questions about when your repayment period begins, contact Great Lakes at 1-800-236-4300. Click here to estimate your monthly payments Ready to make a payment?Click here to be taken to our loan servicer provider’s site, Great Lakes. Payment difficultiesIf you are having trouble making the loan payments, contact Great Lakes at 1-800-236-4300 before you miss any payments. It may be possible to be granted a forbearance, which can suspend your payments for a short period of time. Tax deductionsAs a general rule, interest paid on federal and private student loans is tax deductible for borrowers who meet certain income criteria. Your tax advisor can provide specifics. To learn more, visit http://www.kiplinger.com/features/archives/2007/01/educationtaxopedia.html. 
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