When you return to Loyola and enroll at least half-time (6 or more credits), Loyola's Records Office will automatically send this information to an agency commonly referred to as the "Clearinghouse". The Records Office transmits enrollment data to the Clearinghouse on a regular basis throughout the academic year. The Clearinghouse, in turn, provides status and deferment information on your behalf to guaranty agencies, lenders, and servicers.

After you graduate, leave school, or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment on your Federal Direct Loans. During this period, you'll receive repayment information from your loan servicer, and you'll be notified of your first payment due date. Payments are usually due monthly. 

Repayment on Federal Perkins and Loyola Student Loans begin nine months after at least half-time enrollment ends. Repayment terms on private alternative loans vary depending on the lender.

The best source of information is the National Student Loan Data System (NSLDS). It provides a list of federal loans you have received for each academic period, interest rates on each loan, the cumulative amount of your loans, and where you should send payments. You will need your Federal FSA ID to access the NSLDS site.