LoansThere are a variety of loan programs available to you and your family to help support your cost of education. Selecting a Lender To help you compare and select the lender that is right for you, Puget Sound has partnered with Simple Tuition to provide comprehensive loan information for students and parents. This free online loan comparison tool will help you compare loan options from multiple lenders, customized for Puget Sound. You can sort results by interest rate, monthly payment, total cost of loan, first payment due date, and more. Loan Counseling Requirements If you borrow through the Federal Perkins and Stafford Loan programs, you must complete an entrance loan counseling session before you receive the loan and an exit loan counseling session before you graduate. Loan Repayment Once you graduate, it will be time to begin thinking about repaying the student loans you borrowed to help finance your education. Loan Cancellation and Deferment If you borrow through the Federal Perkins Loan program, you may have all or part of your loan canceled for full-time employment in certain types of service, as long as your loan is not in default. Under certain conditions you can receive a “deferment” on your loan allowing you to temporarily postpone payments on your loan without being charged interest. Track your Federal Student Loans If you have questions about what loans you have, you can review your federal student loan history through the National Student Loan Data System (NSLDS). |