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You will be able to choose a repayment plan that meets your needs. The amount you pay and the length of time to repay your loans will vary depending on the repayment plan you choose. Generally, you’ll have from ten to twenty-five years to repay your loans. Our office recommends that you explore the Direct Loan Repayment Plans and Calculators 🔗 for more information about the repayment plans and to calculate your estimated repayment amount under each of the different plans.
Federal Student Loans: Repaying Your Loans (PDF) Préstamos federales para estudiantes: Pago de sus préstamos (PDF)
All Federal Direct/Stafford, PLUS, and Graduate PLUS loans are now being serviced by one of the agencies listed on StudentAid.gov. For specific questions about loan repayment or deferment, you can contact your federal loan servicing center directly. If you are not sure who your federal loan servicer is, you can look it up by logging into studentaid.ed.gov (preferred) or nslds.ed.gov (archaic). For more information on loan servicers, please go to StudentAid.gov.
Author: Federal Student Aid
Subject: Deferment for Cancer Treatment for Direct Loan, FFEL, and Perkins Loan Program Borrowers
The Department of Education Appropriations Act, 2019, Title III of Pub.L. 115-245 created a new Cancer Treatment Deferment for borrowers in the William D. Ford Federal Direct Loan (Direct Loan), the Federal Family Education Loan (FFEL), and the Federal Perkins Loan (Perkins Loan) programs.
Qualified borrowers may receive a deferment on their qualifying loans while they are receiving cancer treatment, and for the six months following the conclusion of their treatment. The deferment has no fixed time limit.
A borrower may qualify for the deferment of their Direct Loans made on or after the date of enactment of Pub. L. 115-245 (September 28, 2018) or of their Direct Loan, FFEL or Perkins Loan Program loans which entered repayment on or before September 28, 2018. Loans which were made before September 28, 2018, but which were not in repayment on that date because the borrower was in an in-grace or in-school status are not eligible for the deferment and will not become eligible when they do enter repayment. In addition, a deferment cannot be granted for a period of treatment before September 28, 2018.
Like all other deferments, Perkins Loan borrowers receive a six-month post-deferment grace period before payments resume. This grace period is in addition to the six-month period of deferment that the borrower will receive after cancer treatment ceases.
Under the law, the following loan types will receive an interest subsidy during the deferment:
Note: While Federal Unsubsidized Stafford Loans receive an interest subsidy, the law does not permit the Department to reimburse FFEL Program lenders for the interest subsidy.
Under the law, the following loan types will not receive an interest subsidy during the deferment:
The Department has received approval from the Office of Management and Budget for a new Cancer Treatment Deferment Request Form under OMB Control Number 1845-0154. The expiration date for the form is 7/31/2022. Borrowers, lenders, and their authorized servicers may begin using the attached OMB-approved form immediately.
As reflected on the request form, for the borrower to receive a deferment, a Doctor of Medicine or Osteopathy who is legally authorized to practice medicine must certify that the borrower is or was receiving cancer treatment in the physician’s care, and the dates of that treatment.
Lenders or their authorized servicers may only approve a deferment for up to one year of treatment (followed by a six-month post-treatment deferment period) based on the physician’s initial certification. If a borrower’s treatment period lasts longer than 12 months, the physician may re-certify that the borrower is continuing to receive cancer treatment at the conclusion of the one-year period by completing a new Cancer Treatment Deferment request form. The Department will send reminders to borrowers in its loan portfolio that they may request to have their deferment extended if they are still receiving cancer treatment after 12 months of deferment have elapsed. If the borrower does not submit a new request and physician certification the borrower will still receive the extra 6-month post-treatment deferment period at the end of the 12 months of treatment.
The Department recognizes that borrowers undergoing cancer treatment may have a mix of loans that qualify for the deferment and those that don’t. Consequently, the deferment form is not only a request for deferment, but also allows the borrower to request a forbearance on any loans that do not qualify for the deferment. The Department will automatically provide an administrative forbearance to borrowers who have a mix of qualifying and non-qualifying loans. For borrowers with loans held by the Department who request a cancer treatment deferment and who only have non-qualifying loans, the Department will grant the borrower a discretionary forbearance. We encourage FFEL Program and Perkins Loan Program participants to grant a discretionary forbearance to borrowers who have some or only have non-qualifying loans.
The form is provided only in PDF format. Program participants are responsible for ensuring that the form they use is the form approved by OMB. No changes may be made to the form except as expressly provided below.
The form must be printed with black ink on white paper. The typeface, point size, and general presentation of the form may not be changed from the version approved by OMB. Any blank spaces at the top, bottom, or sides of the form may be used for bar coding or other information. In addition, contact and submission information can be pre-populated in the section of the form designed for that purpose.
As a reminder, any form which has an expiration date in the past (meaning the form is expired) remains valid for use until the Department publishes a new version of the form with an updated expiration date.
Attachments/Enclosures:
Cancer Treatment Deferment Request Form in PDF Format, 953KB, 3 Pages
Are you a recent graduate? Prepare yourself for the end of your grace period by following the steps written in this Web article by Great Lakes, a federal loan servicer:
Some examples of the difference it could make are shown here (click below):
Looking to lower your monthly payments and/or your overall payment amount? Use FSA’s Repayment Calculator to find your savings under each repayment plan.
What kind of impact would making additional payments on your student loans have? 🤔 Glad you asked.
Need to get out of student loan default? Don't stress—you have options! pic.twitter.com/XUp2PXoGBb — Federal Student Aid (@FAFSA) December 28, 2018
Need to get out of student loan default? Don't stress—you have options! pic.twitter.com/XUp2PXoGBb
— Federal Student Aid (@FAFSA) December 28, 2018
If you’ve defaulted on your federal student loans, you may get a reduced refund after #TaxDay. If this happened to you, a notice of an offset was sent to your last known address. Find out your options to get out of default: https://t.co/MS3TuWTMS1 pic.twitter.com/nG1UIF5cqZ — Federal Student Aid (@FAFSA) April 15, 2019
If you’ve defaulted on your federal student loans, you may get a reduced refund after #TaxDay. If this happened to you, a notice of an offset was sent to your last known address. Find out your options to get out of default: https://t.co/MS3TuWTMS1 pic.twitter.com/nG1UIF5cqZ
— Federal Student Aid (@FAFSA) April 15, 2019
A Consolidation Loan allows you to combine multiple federal education loans into one loan with one simple monthly payment. Learn more about pros and cons of consolidation here: https://t.co/FzFFhe9M2U pic.twitter.com/bXNRt96q6F — Federal Student Aid (@FAFSA) May 29, 2019
A Consolidation Loan allows you to combine multiple federal education loans into one loan with one simple monthly payment. Learn more about pros and cons of consolidation here: https://t.co/FzFFhe9M2U pic.twitter.com/bXNRt96q6F
— Federal Student Aid (@FAFSA) May 29, 2019
3 Ways to Spot a Scam
Want to change your monthly student loan payment amount? Consider an income-driven repayment plan: https://t.co/IT5XfA0QvF pic.twitter.com/7pAHljIbYo — Federal Student Aid (@FAFSA) March 11, 2019
Want to change your monthly student loan payment amount? Consider an income-driven repayment plan: https://t.co/IT5XfA0QvF pic.twitter.com/7pAHljIbYo
— Federal Student Aid (@FAFSA) March 11, 2019
Tax day is a month away! Did you know you may be able to deduct some of the student loan interest you paid in 2018 on your federal return? Find out more about the 1098-E: https://t.co/cFLwdhpCnQ pic.twitter.com/Yz3HadYb8h — Federal Student Aid (@FAFSA) March 15, 2019
Tax day is a month away! Did you know you may be able to deduct some of the student loan interest you paid in 2018 on your federal return? Find out more about the 1098-E: https://t.co/cFLwdhpCnQ pic.twitter.com/Yz3HadYb8h
— Federal Student Aid (@FAFSA) March 15, 2019
The following companies are an alphabetized selection of banks curated by Student Loan Hero that will assist you in refinancing your student loans, should you wish to do so. These links take you to external sites not operated or owned by EOU. EOU does not endorse or recommend any bank and takes no responsibility for any consequences resulting from your actions with said bank. These banks listed are not your only options. Please consider carefully before making a choice. Most of the time, you should only consider refinancing your private or alternative student loans and not your federal loans. Refinance? (Infographic) Your federal loans can be consolidated at studentloans.gov, if necessary. Please make sure to review your federal loan benefits in detail before deciding to refinance or consolidate your federal loans.
Take a few minutes to review this important information
🔗 Student Loan Forgiveness (and Other Ways the Government Can Help You Repay Your Loans)
Wondering about student loan forgiveness options? Get more info here Public Service Loan Forgiveness (PSLF): https://t.co/t56lgPUTU7 Teacher Loan Forgiveness: https://t.co/iXHVAUME2A pic.twitter.com/DWzNZa2svv — Federal Student Aid (@FAFSA) February 28, 2019
Wondering about student loan forgiveness options? Get more info here
Public Service Loan Forgiveness (PSLF): https://t.co/t56lgPUTU7
Teacher Loan Forgiveness: https://t.co/iXHVAUME2A pic.twitter.com/DWzNZa2svv
— Federal Student Aid (@FAFSA) February 28, 2019
#DYK: FFEL and Perkins Loans are not eligible for Public Service Loan Forgiveness or the best income-driven repayment plans. Consider consolidating your loans to access these benefits: https://t.co/cHTjwFsf2a pic.twitter.com/99p6PyEObN — Federal Student Aid (@FAFSA) April 6, 2019
#DYK: FFEL and Perkins Loans are not eligible for Public Service Loan Forgiveness or the best income-driven repayment plans. Consider consolidating your loans to access these benefits: https://t.co/cHTjwFsf2a pic.twitter.com/99p6PyEObN
— Federal Student Aid (@FAFSA) April 6, 2019
Public Service Loan Forgiveness
Think you’ll qualify for Public Service Loan Forgiveness at some point? Submit this to *make sure* you're on track: https://t.co/KfOedi7RaP pic.twitter.com/eGex1xzh5g — Federal Student Aid (@FAFSA) March 22, 2019
Think you’ll qualify for Public Service Loan Forgiveness at some point? Submit this to *make sure* you're on track: https://t.co/KfOedi7RaP pic.twitter.com/eGex1xzh5g
— Federal Student Aid (@FAFSA) March 22, 2019
Work in public service? Find out whether you qualify for Public Service Loan Forgiveness (PSLF): https://t.co/BWrtQH3uql pic.twitter.com/sG21P0PlOk — Federal Student Aid (@FAFSA) March 29, 2019
Work in public service? Find out whether you qualify for Public Service Loan Forgiveness (PSLF): https://t.co/BWrtQH3uql pic.twitter.com/sG21P0PlOk
— Federal Student Aid (@FAFSA) March 29, 2019
TEACHERS! Several loan forgiveness programs are available for you—one even offers full forgiveness. Details at https://t.co/HK5WKIAwwX pic.twitter.com/KnLxo3g8l0 — Federal Student Aid (@FAFSA) December 30, 2018
TEACHERS! Several loan forgiveness programs are available for you—one even offers full forgiveness. Details at https://t.co/HK5WKIAwwX pic.twitter.com/KnLxo3g8l0
— Federal Student Aid (@FAFSA) December 30, 2018
There’s a lot of information to take in when it comes to your student loans. Follow the Wizard 🔗 to Find Ways to Reduce Your Debt!
A Montag. (2018, Sep 19). Kevin O’Leary shares his No. 1 piece of advice for paying off student loans. CNBC Make It. Retrieved from https://www.cnbc.com/2018/09/19/kevin-olearys-top-advice-for-paying-off-student-loans.html
Here are some examples of the false claims made in these communications:
STUDENT LOAN SCAM NOTICE! Several students have reported receiving robocalls from fake student loan forgiveness companies promising to relieve them of their loans for a small price. Don't believe them and pass this on to your friends & family. https://t.co/VXgi8VR9vB pic.twitter.com/g6ObVTTwNs — Federal Student Aid (@FAFSA) December 10, 2018
STUDENT LOAN SCAM NOTICE!
Several students have reported receiving robocalls from fake student loan forgiveness companies promising to relieve them of their loans for a small price. Don't believe them and pass this on to your friends & family. https://t.co/VXgi8VR9vB pic.twitter.com/g6ObVTTwNs
— Federal Student Aid (@FAFSA) December 10, 2018
Financial Aid Office Eastern Oregon University One University Boulevard Inlow Hall, Suite 104 La Grande, OR 97850-2807
Title IV School Code: 003193
Telephone: +1 (541) 962-3550 +1 (800) 452-8639 (SMS/MMS): +1 (541) 972-3550 Note that no personal information can be divulged through text messaging.
Secure Fax: +1 (541) 962-3661 Fax to E-mail: +1 (541) 962-3095 (Senders take full responsibility for any activity resulting from sensitive information being sent from private E-mail through the university E-mail system)
E-Mail: fao@eou.edu
Secure Document Dropbox
Office Hours Hours: 8-5 Monday-Friday Drop-in appointments available during normal office hours.
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