Each loan will have a 6 month grace period. During your grace period, you should receive additional correspondence from your loan servicer concerning the due date of your payments, and the payment amount that must be repaid each month. There is no penalty for repaying your loan early or for making larger payments than what is required. By paying early and often, you will save yourself money by paying less interest on the loan(s). Once the grace period has expired, your loan(s) will go into a repayment...Read more:Amarillo College Grace Period/Loan Repayment
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