Posted: August 4, 2023

• Quick Pay and Online Payment
  • Make payment by valid checking or savings account
  • Must provide bank routing number and bank account number when making a payment
• Enroll in Automatic Debit Payments (ACH) by clicking Forms, Miscellaneous Forms and E-sign Automatic Debit Withdrawal Request
  • Email notice sent 10-days prior to payment due date

• For students that received a SAL while attending a USG or eligible private college or university
• Work full time for one year in Georgia in "public service"
• The year SAL disbursed determines the time or amount that may be canceled by service:
  • SAL disbursed on or after 7/1/2015
    • 1 year of loan service cancelled for 1 year of qualified full-time public service employment
  • SAL disbursed 7/1/2012 - 7/1/2014
  • Service cancellation of $750 for 1 year of qualified full-time public service employment

• Credit reporting begins at the start of your loan and continues with a monthly status update when your deferment ends (typically 6 months after you graduate or no longer enrolled) through the completion of loan repayment
• Monthly payment history is reported. While in deferment your payment history will report as In Deferment.
• Accounts without payments made for 60 days are reported to the credit bureau as a late payment. Additionally, if payment is not made at 90, 120, 150 and/or 180 days a report is sent to the credit bureau. Not making your payment on time can impact your credit history and score.
  • Making a late payment does not remove the credit reporting of the fact the payment was not made on time.
  • Making a payment or obtaining a deferment/forbearance for your loan after it has been reported to the credit reporting agencies will not remove the late payment report from your credit history.

• If you do not make regularly scheduled payments for a period of 270 days while in repayment, your loan will be in default
• Your default will be reported to all national credit reporting agencies which will damage your credit score and credit history

Student Access Loan (SAL) & Service Cancelable Deferment

• If you are experiencing financial hardship while you are in repayment you may be eligible for the following deferments: In school, Unemployment, and Economic Hardship
• Interest does not accrue during the period of deferment for SAL disbursed on or after 7/1/2014. SAL disbursed prior to 7/1/2014 interest will accrue during the period of deferment.
• Select Forms and Deferment/Forbearance Forms to view and upload/e-sign completed forms.

Student Access Loan (SAL) Forbearance

• If you are having financial difficulty and you do not qualify for an authorized deferment, you may be eligible for a forbearance
• Interest accrues during the forbearance period. If the interest is not paid during the forbearance period, the interest will be added to the principal balance.
• Select Forms and Deferment/Forbearance Forms to view and upload/e-sign completed forms.

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