Loan Repayment
Most student loans begin repayment six months after the student graduates or withdraws from the college.Students who have borrowed a federal loan while at Wheaton are required to attend exit counseling where they receive important information regarding their cumulative loan amount borrowed as well as loan repayment information. Exit counseling is conducting during the spring semester of a student's senior year of college. Please click on one of the following links for information regarding your loan repayment procedures.
Federal Stafford Loans
Your Wheaton College financial aid award package may have included a Federal Stafford Loan. If your loans were federally subsidized, or if you chose to capitalize the interest on your unsubsidized loans, repayment will begin approximately six months after your separation (graduation, withdrawal or leave of absence) from Wheaton College. You will be sent billing information by the Direct Loan Servicing center prior to going into repayment. For more information regarding federal Direct loan repayment please visit the Direct Loan Servicing web site.
Federal Perkins Loans
Your Wheaton College financial aid award package may have included a Federal Perkins Loan. Perkins loan repayment begins after your grace period expires. Currently students have a nine month grace period for their Federal Perkins loans. Wheaton College is the lender for the loan and Campus Partners is the loan servicer. As the servicer, Campus Partners sends Perkins loan billing statements to the borrower and collects their loan payments. For definitions of important terms, information on various deferments, and general questions, please visit the Campus Partners web site.
Wheaton College Institutional Loans
Your Wheaton College financial aid award package may have included an Institutional Loan such as the Alice Friend Ireland '34 Loan or the Troderman Loan. These loans are awarded to students who meet very specific awarding criteria. Wheaton College is the lender for this loan and Campus Partners is the loan servicer. As the servicer, Campus Partners sends Institutional loan billing statements to the borrower and collects their payments. Even though Wheaton College is the lender, your Institutional loan payments should be sent directly to Campus Partners.
