We know that some course dates may get extended and as a result, you may be finishing your studies later than originally planned.
We don’t expect you to make payments while you’re studying full-time. If you plan to defer a portion of your course to a future study period or take additional classes at the end of the original study period, you should contact our team 1 month before your first payment is due for assistance. You’ll need to provide documentation from your school confirming the new end date for your course.
This unfortunately does not include an I20 document but can be in the form of a letter from your school or an unofficial transcript.
The information required in the document is as follows:
- Your first and last names,
- The name of the school and course,
- The course/class end date or period.
If approved, we’ll give you a new date to start making payments that accommodates your individual case. It’s important to note that the total payment term of your loan won't change, so the amount due each month may increase slightly once you begin making payments.
For more information on what to do if you cannot repay your loan, please read here.