Department of education payment dates

min read

Department of education payment dates

Sure, no problem! If you’re dealing with a federal student loan, the Department of Education usually lines up your payment dates to match up with the same day every month. The exact date you owe the money changes based on what type of loan you got and which repayment plan you signed up for. There are a few usual ways to pay back federal student loans, like the Standard Repayment Plan, the Graduated Repayment Plan, and the Extended Repayment Plan.

So, for the Standard Repayment Plan, you’re looking at having to pay up on the same day each month. Plus, the amount you pay stays the same throughout the whole time you’re paying off the loan. Now, with the Graduated Repayment Plan, things start off with smaller payments that then get bigger as time goes on. But no matter what, that due date for your payments stays the same during the whole deal.

And hey, if you’re thinking about the Extended Repayment Plan, you’ve got some choices. You can decide between paying a set amount or going with those payments that start small and grow. And, you’ll get more time to pay too – like, up to 25 years.

If you’re curious about when you’re supposed to cough up the cash, you can check it all out by logging into your account on the Department of Education’s website or wherever you’re managing your student loan stuff. If you’re ever scratching your head about when the bills are due or need a hand making a payment, just give a shout to the customer service center at the Department of Education. They’re there to help you out.