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Help with Payments


 

When Do My Payments Start?

Connext repayment terms and conditions are loan program specific.

Connext Undergraduate options available:

  • Fully Deferred with no payments required from the time the loan is disbursed until the student graduates or drops to less than half-time status (up to the maximum Initial Deferment Period), plus any applicable grace period.
  • Immediate Principal and Interest with monthly payments in the amount of principal and interest beginning due within fifty (50) days of the first disbursement.

Connext Graduate options available:

  • Fully Deferred with no payments required from the time the loan is disbursed until the student graduates or drops to less than half-time status (up to the maximum Initial Deferment Period), plus any applicable grace period.
  • Immediate Principal and Interest with monthly payments in the amount of principal and interest beginning due within fifty (50) days of the first disbursement.

Connext Refinance options available:

  • Immediate Principal and Interest with monthly payments in the amount of principal and interest beginning due within fifty (50) days of the first disbursement.
 

What Are My Payment Terms?

Connext repayment terms and conditions are loan program specific.

Connext Undergraduate:

  • The repayment term begins the day after the grace period expires for the Fully Deferred repayment option.
  • The maximum repayment term on the Connext Undergraduate loan is fifteen (15) years and is subject to a $50 minimum monthly payment.

Connext Graduate:

  • The repayment term begins the day after the Grace Period expires for the Fully Deferred repayment option.
  • The maximum repayment term on the Connext Graduate loan is fifteen (15) years and is subject to a $50 minimum monthly payment.

Connext Refinance:

  • The repayment term will be selected by the borrower during the loan application process.
  • The available options are 10, 15 and 20 year terms. The term is subject to the minimum monthly payment amount of $50.
  • Monthly payments of principal and interest begin within fifty (50) days of disbursement of funds to the approved school.
 

What Are Some Connext Repayment Tips?

  • Paying more than the monthly payment amount is a way to reduce the amount of interest that you will pay over the life of the loan.
  • Paying on time (on or before the monthly due date) ensures that you do not pay unnecessary interest or accrue late fees.
  • Take advantage of the Connext 0.25% interest rate reduction by enrolling in automated recurring payments and get rid of the hassle of checks, stamps and envelopes. Just set it and Connext with us.

Are You Unable to Make Your Monthly Payment?

If you are not able to make your payment when it is due, contact us immediately for assistance. The earlier you contact us, the more options we’ll be able to offer you to help meet your needs. Depending on your situation, you may be allowed to defer your monthly payment for a limited period of time. Contact your Student Lending Specialist for help (877) 354-2629.

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