{"id":77,"date":"2024-12-11T10:30:24","date_gmt":"2024-12-11T18:30:24","guid":{"rendered":"https:\/\/www.eou.edu\/financial-aid\/?page_id=77"},"modified":"2024-12-11T11:05:46","modified_gmt":"2024-12-11T19:05:46","slug":"pay-interest","status":"publish","type":"page","link":"https:\/\/www.eou.edu\/financial-aid\/review-award\/loans\/pay-interest\/","title":{"rendered":"How to Pay Interest on Unsubsidized Loans"},"content":{"rendered":"\n<p>Most students don\u2019t start making payments until they leave school, but did you know you can start paying them before while you\u2019re still at EOU? In fact, it is a really good idea to pay the interest on your loans while you are still taking classes. A small payment each month (around $30 bucks) can keep that interest from stacking up and save you <strong>a lot<\/strong> of money.<\/p>\n\n\n\n<p>For example: for a $5,000 loan, your monthly interest payments would be $28. If you paid this interest while in school, you would save $940!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Step 1: Find your loan servicer<\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li><a href=\"https:\/\/nsldsfap.ed.gov\/login\" target=\"_blank\" rel=\"noreferrer noopener\">Log in to the NSLDS<\/a> (National Student Loan Data System).<\/li>\n\n\n\n<li>Click <strong>Financial Aid Review<\/strong> and accept the terms of privacy.<\/li>\n\n\n\n<li>Enter your social security number, first two letters of your last name, birth date, and federal PIN.<\/li>\n\n\n\n<li>When your aid summary loads, click a numbered box in the left column.<\/li>\n\n\n\n<li>Amounts and Dates for that individual loan will load. On the lower part of the page, you\u2019ll see the contact information for your loan\u2019s servicer.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\">Step 2: Contact your loan servicer<\/h2>\n\n\n\n<p>Now that you know who is handling your loan, contact them to set up an interest payment. When you contact the server, be sure to tell them you want to pay only the interest on your unsubsidized loan.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Step 3: Make monthly payments<\/h2>\n\n\n\n<p>Congratulations! You are now on your way to having much less debt to pay off your student loan. By making monthly payments, you are reducing the total amount that will need to be paid off later.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most students don\u2019t start making payments until they leave school, but did you know you can start paying them before while you\u2019re still at EOU? In fact, it is a really good idea to pay the interest on your loans while you are still taking classes. A small payment each month (around $30 bucks) can [&hellip;]<\/p>\n","protected":false},"author":491,"featured_media":0,"parent":75,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-77","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/77","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/users\/491"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/comments?post=77"}],"version-history":[{"count":2,"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/77\/revisions"}],"predecessor-version":[{"id":114,"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/77\/revisions\/114"}],"up":[{"embeddable":true,"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/75"}],"wp:attachment":[{"href":"https:\/\/www.eou.edu\/financial-aid\/wp-json\/wp\/v2\/media?parent=77"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}