- Chicago Office of Financial Aid
- U.S. Department of Health and Human Services: Primary Care Loan Program
Student Financial Services
|Grace period||12 months after graduation or separation.
Exception: There is no grace period after deferment.
|Payment schedule||Provided at your exit interview.
|Repayment start date||12 months after graduation or separation|
|Prepayment||There is no penalty for early repayment. When you make your loan payment, specify that you wish it to be applied as a prepayment.
|Minimum payment||$40 per month|
|Late charge||5% of scheduled payment
|Report to credit bureau||Yes|
|Deferment||Yes. See the Primary Care Loan deferment eligibility information on the U.S. Department of Health and Services web site. Refer to your promissory note for details, and contact the Student Loan Office with details and to apply. Annual certification is required.
|Forbearance||Yes. Refer to your promissory note for details, and contact the Student Loan Office with questions and to apply.|
|Cancellation||Yes, only in the event of death. Refer to your promissory note for details, and contact the Student Loan Office with questions and to apply.|
|Federal loan consolidation||No|
|Delinquency and default||Transfer loan to collection agency, legal action.|