Federal Student Loan Repayment

Whether youíre just starting school or have just graduated, you need to know the facts about loan repayment. Below are guidelines for Commerce Bank borrowers that will help you establish and maintain a good credit rating.

  • Keep your school, lender and/or loan servicer up-to-date on changes including name, address, telephone number, Social Security number or enrollment status change
  • Repay your loans on time and in full Ė even if you donít finish school, donít find a job quickly or arenít satisfied with your education
  • Make your scheduled minimum monthly payments Ė if you are unable for any reason, call us immediately at 800-666-3910 so we can help you

When does repayment begin?

For Federal Direct Stafford Loans

Repayment is defined as not beginning until 6 months and one day after the date you graduate or drop below half-time status.

For Federal Direct Parent PLUS Loans

Repayment begins 60 days after disbursement of the funds.

For Federal Direct Graduate PLUS Loans

Repayment begins 60 days after disbursement of the funds. It can be deferred until 6 months and one day after the date you graduate or drop below half-time status (as determined by your school).

The most common repayment option is Standard Repayment; however, the following options are available. See our Repayment Options table for details.

  • Standard Repayment (10 years)
  • Extended Repayment (25 years)
  • Income-Sensitive (10-15 years)
  • Income Based (10-25 years)

To see what your payment amounts might be, look at our Repayment Examples.



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