Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How are HeLP loans repaid?

April 26, 2017help Loans repaid

0

0 Posted

How are HeLP loans repaid?

1 Answer

0

0 Posted

Loan repayments are made monthly to the trustee. The principal portion of the loan is amortized equally over the number of months remaining until the loan is repaid. The interest rate is adjusted periodically, usually no more than once or twice per year depending on current market rates.