You have six months after your last day of attendance before your repayment on these loans begins. If you leave school and return, any time away will be deducted from the six months. The remaining time will be granted after the next to last day of attendance. This grace period applies to these loans only. Prior loans that are in repayment will go back into repayment status immediately after leaving school.

Delinquent payments can be reported to credit bureaus by your lender and late fees may be assessed.

Missing payments for an extended period of time will result in default. When loans are in a default status, you will be ineligible to receive federal student aid, your lender can request immediate payment in full, withhold portions of your pay, withhold your federal tax refunds, assess legal fees to the balance of your loans, and place a hold on your professional license.

If your lender does not have your current address or can not reach you concerning your payment due dates, you could become delinquent or default on your student loans without realizing it.

If you find yourself in a position where you can't afford your payments, contact your lender immediatley. You may qualify for a forbearance or deferment. Options like these can help you stay out of delinquency or default until you can manage your to start making payments again.

Click here to visit TG's website with information about repaying your student loans.