Managing your student loans after graduation is an important step toward financial success. At NIACC, we want to make sure you have the tools and support you need to navigate repayment confidently.

When Does Repayment Begin?

• Federal Student Loans: Most federal loans have a six-month grace period after you graduate, leave school, or drop below half-time enrollment. This means you typically start making payments six months after leaving NIACC.
• Private Student Loans: Repayment terms vary by lender. Some may require payments while you’re in school, others may offer a grace period. Check with your lender for details.

Repayment Basics

• Standard Repayment Plan: Fixed monthly payments over 10 years.
• Income-Driven Repayment Plans: Payments based on your income and family size; may extend repayment up to 20–25 years.

Use the Loan Simulator to estimate what your repayment would be like under different plans at https://studentaid.gov/loan-simulator/.

Missing payments can lead to delinquency or default, which can affect your credit and financial future—so it’s important to stay informed and proactive.

Where to Find More Information

• Visit https://studentaid.gov/manage-loans/repayment for official guidance on repayment plans, consolidation, and forgiveness options.
• Check your loan servicer’s website for details specific to your account.

NIACC’s Partnership with Ascendium Education Solutions®

To help our students succeed after leaving school, NIACC has partnered with Ascendium Education Solutions®. Their Repayment Support Coaches will reach out to you after you graduate or leave NIACC to provide free, personalized help with:

• Understanding your repayment options
• Avoiding delinquency or default
• Answering questions about your loans

You are encouraged to take advantage of this free service! Ascendium’s coaches are here to guide you every step of the way.