Columbus School of Law

Financial Aid >Post Graduation >Repayment

- LOAN REPAYMENT -

Updated 06/2008

This page addresses loan repayment issues that are most relevant to students graduating in May. It is encouraged that you take advantage of the wealth of information available online from many sources. The information presented on our website should be seen as an attempt to highlight the key points and considerations with respect to your options and responsibilities regarding your loan repayments.

You are always welcome to contact the Office of Financial Aid to discuss the specifics of your situation or to clarify anything you may have questions about.

About Your Loans: Do you know how much the interest rates are on your loan(s)? Do you know the total loan amount you have accumulated while in law school? Do you know when your first payment(s) will be due? Visit this webpage and follow the step-by-step instructions to help you answer these questions.

Repayment Options: Although the standard repayment term is typically 10 years, you can request to extend your repayment term up to 20-30 years (depending on the type of loan and amount of loan debt) which can reduce the amount of your minimum monthly payments. Visit this webpage and see what your options are.

Doing the Math: Let these online calculators help you estimate your monthly payments.

Consolidation: Have you heard about consolidation? Do you know what it entails? Are you curious to know if it would be beneficial for you? Visit this webpage and see if consolidation is right for you.

Deferments and Forbearances: Worried about not being able to make payments now? There are ways to postpone your payments without hurting your credit. Visit this webpage to learn more.

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