NY financial aid loan repayment options


Make text smaller Make text larger



Photos



  • A graduate trying to remove saved money from her piggy bank. Isolated on white.



ALBANY, N.Y. — Congratulations, college graduates! Now, about that loan...

The state's Higher Education Services Corporation is reminding graduating students that the grace period for starting to repay federal loans ends in November. Loan servicers will send students information about repayment plans before the November cut-off date.

The standard plan uses fixed monthly payment with the loan being paid within 10 years. The extended plan, targeted for students with more than $30,000 in loans, will pay off the debt in 25 years with fixed or gradual monthly payments. The graduated repayment plan begins with low payments that increase every two years.

For more information on options available visit the HESC website at HESC.ny.gov.


Make text smaller Make text larger

MUST READ NEWS

Image Making music at the farmers' market
The Musical Munchkins and Chabad of Orange County (Goshen) ran a music class recently at the Goshen Farmer's market. Children played and colored with chalk while enjoying the...
Image Camp LaGuardia at the crossroads
By Douglas Feiden
— A sharp spike in the criminal activity of young women in New York City during and after World War I played...
Image The library becomes real
By Geri Corey
— The enthusiastic audience at the library's groundbreaking ceremony was happy to hear the good news: books are far...
Image Assemblyman Skoufis wants Goosepond State Park on Chester’s tax rolls
— NYS Assemblyman James Skoufis (D-Woodbury) has authored legislation requiring New York State to pay taxes on Goosepond Mountain...

VIDEOS


Sign up to get our newsletter emailed to you every week!

  • Enter your email address in the box below.
  • Select the newsletters you would like to subscribe to.
  • Click the 'SUBSCRIBE' button.

Comments

Pool Rules



MOST COMMENTED



Click on the ad above to print your coupon!
Find more about Weather in Chester, NY