What are the repayment options for a Monticello Student Loan?
• Defer repayment while you’re enrolled in school at least half-time. Credit-worthy applicants may not necessarily qualify for the full deferment option. • Save on fees by making interest-only payments while enrolled in school at least half-time. • Or start paying principal and interest right away, which will save you the most over the life of the loan. All K-12 loans utilize this repayment option. Additionally, get up to 0.5% interest rate reduction if you make your first 36 payments on time and elect automated payments under any Monticello Student Loan program.
