You will start paying interest on your loan roughly one month after your loan is disbursed. Disbursement occurs on the second Wednesday after program start. You will start making full monthly payments (interest plus principal) after your two-month post-graduation repayment grace period ends. This 60-day grace period helps you to keep your eye on finding the right job following program completion.
Upon loan acceptance, we will provide you with several options for making payments, including automated payments. You may create an account at www.AspireServicingCenter.com at any time to manage payments and account balance.
Yes, you can pre-pay your loan at any time without penalty.