Loan Deferment and Repayment

Loan Deferment and Repayment

When do I start repayment on my Federal Direct Loans?

Repayment begins six months from the date of your actual last day of classes, whether it be your last semester, a leave of absence or if you should drop below a half-time status.

When do I start repayment on my Federal Grad Plus Loans?

Your first payment will be due 60 days after the loans is fully disbursed.

When do I start repayment on my Federal GradPlus and/or Consolidation Loans?

Repayment begins immediately after the actual last day of your classes, whether it be your last semester, a leave of absence or if you should drop below a half-time status. Your first payment will be due 60 days after the loan is fully disbursed.

When do I start repayment on my private loans?

Repayment of private loans generally begins from six to nine months after graduation. You need to contact your individual lender for the exact start date.

Where can I request a loan deferment form?

Deferment forms should be requested from your lender.

Where should I submit my deferment forms?

All deferment forms should be submitted to the Office of Academic Records. Please contact them with any questions regarding this process 516-463-5917.

What is loan consolidation?

Loan consolidation allows borrowers to combine their federal education loans into a single loan with one monthly payment, which can be significantly lower than the payment required under the standard 10-year repayment option.

Does Hofstra Law School offer a loan forgiveness program (LRAP)?

Yes, our Loan Repayment Assistance Program is available to students who enter qualifying public interest employment and meet the program’s guidelines.

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Email Information

hofstralaw@hofstra.edu

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