Quarterly Interest Notification

While you are attending school at least half-time or have your payments postponed, you may receive “Quarterly Interest Notifications.” These notifications provide the amount of outstanding interest on your account. They are sent at the end of March, June, September and December. You are not required to make a payment; however, any payment made may reduce your balance and monthly payment because less unpaid interest will be added to the principal balance when your loan enters repayment.