Loan Repayment Help
As a student loan borrower it is important for you to understand your rights and responsibilities.
Once you are no longer enrolled in at least 6 credit hours you will have a repayment grace period. You may choose to prepay your loan without penalty, choose a repayment plan, be notified by your loan servicer of your repayment date, and to update any changes to your address, and other contact information to your loan servicer.
The information on this page is designed to help you begin the loan repayment process. Additional information may be found at Student Loans. Here are some links to help guide you to a successful repayment plan:
If you work full-time in a public service job, you may qualify for Public Service Loan Forgiveness.
Other opportunities for possible loan forgiveness are available.
Failing to repay your student loan will result in default. This can bring severe consequences to the borrower including the following:
- The Internal Revenue Service can take your federal and state tax refunds.
- The government can garnish your wages.
- You lose eligibility for additional federal student aid.
- It will take years to reestablish your credit and recover from default.
- National credit bureaus will be notified of your default making it difficult to purchase a car, home or often to rent an apartment.
Review the links below for information on how to stay out of default by choosing the repayment plan that works for you:
John R. Justice Loan Repayment Assistance Program through KHEAA
Resources for Federal Student Aid
Contact InformationKCTCS/Elizabethtown Community and Technical College Financial Aid Office RPC 1st Floor Room 105 610 College Street Road Elizabethtown, KY 42701 (270) 706-8802 or (877) 246-2322 extension 68802 1-855-746-3282 24/7/365 FAX 270-769-0736 firstname.lastname@example.org
This page maintained by Laura Lamb