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Stoppage Form Deped

Stoppage Form Deped

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Instructions and help about Stoppage Form Deped

hi folks it's jonathan here from mifa and i'm going to break down another term that you may run into when looking into ways to finance your education the repayment term is the length of time that you have to repay a loan the common repayment term for education loans are 10 15 or 20 years federal direct student loans carry an option to extend the repayment term from the standard term of 10 years up to 20 25 or even 30 years but most other education loans don't have that flexibility most loans can't extend their terms and must be repaid within their initially stated term now this doesn't mean that you have to take the full term to fully repay a loan in fact if you can pay a loan off early that's great because it means that you'll pay less interest over the life of the loan and less overall if you have a deferred loan which is a loan that doesn't begin repayment until after the student leaves college make sure you know when y

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