Q: I can't make my scheduled payments. What are my options?

Q: What is a graduated repayment plan?
A: Borrowers making graduated payments begin repaying their loans at a lower payment amount. The payment amount increases at specified periods until the balance of the loan is repaid, usually over a ten-year period. The amount of interest paid over the life of the loan may be higher with this option than with standard repayment. Please contact SAC for further information and/or forms.

Q: What is an income-sensitive repayment plan?

Q: What is a deferment, and how do I get one?

Q: What is a forbearance, and how do I get one?

Q: What happens to the interest on my loan while I am in deferment?

Q: What happens to the interest on my loan while I am in forbearance?