If called to active duty, the student will need to make sure that his/her finances are being handled appropriately in his/her absence. Please make sure the following areas are attended to before leaving:
Students who are called into active military service may have questions concerning financial aid currently being received and the application process when reentering after active duty.
Students have only a limited amount of time between notification that they are being called to active duty and their report dates. To ensure that all concerns about financial aid are handled, please contact:
Veteran's Assistance Office
Swen Parson Hall 245K
Northern Illinois University
DeKalb, IL 60115
When called to active duty, it is important to make arrangements for student loans. Contact the student loan officer to make arrangements regarding the loan.
You can receive a deferment for certain defined periods. A deferment is a temporary suspension of loan payments. You don’t have to pay interest on the loan during deferment if you have a subsidized FFEL(Federal Family Education Loan) or a Direct Stafford Loan or a Federal Perkins Loan. If you have an unsubsidized FFEL or Direct Stafford Loan, you’re responsible for the interest during deferment. If you don’t pay the interest as it accrues (accumulates), it will be capitalized (added to the loan principal), and the amount you have to pay in the future will be higher. You have to apply for a deferment with your loan servicer (the organization that handles your loan), and you must continue to make payments until you’ve been notified that your deferment has been granted. Otherwise, you could become delinquent or go into default.
It's important to take action before you are charged late fees. For Federal Perkins Loans, contact your loan servicer or the school that made you the loan. For FFEL Loans, contact the lender or agency that holds your loan. For Direct Loans, contact the Direct Loan Servicing Center at www.dl.ed.gov or 1-800-848-0979 or 1-315-738-6634. TTY users should call 1-800-848-0983.
A student who withdraws from the university because his/her military reserve unit has been called into active duty will receive a full refund of payment made for tuition. The assessment made for required student fees will be pro-rated except for the health insurance fee. Charges for room and board, if living in university residence halls, will be pro-rated according to check-out date.
After tuition and fees and room and board (if living in university residence halls) charges have been adjusted and any refund due has been determined, a refund check will be sent to the student at his/her permanent address.
It should be noted that, if the student has received financial aid, the university may be required to refund to the source of that aid.
To request a refund of payments made for tuition (and fees and room and board, if living in university residence halls), please contact:
The Vice President for Student Affairs & Enrollment Management
Altgeld Hall 208
A copy of the student’s military orders must accompany the request for refund.
With the National Guard and Ready Reserves being called to active duty and U.S. troops being deployed or reassigned to other duty stations, student loan repayment may be one of the issues on the minds of soldiers and their families.
To avoid becoming delinquent on your student loans, consider the following tips:
The U.S. Department of Education has issued guidance about loan relief for student loan borrowers. Provisions apply to borrowers who:
are members of the National Guard or Ready Reserves who are called to active duty for more than 30 days.
are active members of the Armed Forces who are reassigned to other duty stations for more than 30 days.
If you have loans in an in-school, grace period, or in-school deferment status, you may have that loan status extended for up to three years during your active duty service. If you have defaulted student loans, you may not be required to make payments during your active duty service.
If your loans are in repayment status, you may be granted a deferment for up to one year during your active duty service. You continue to be responsible for interest that accrues on your student loans while on active duty (though you can choose to have the Interest added to your loans to be paid later).
Contact your loan holder for more information. Also, you may want to inquire if your military unit has someone designated to assist you with student loan questions.
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