What is an Eligible Payment?

Note: It does not matter who makes the payment as long as one full installment payment is made per month.

• Must be made on time (within 15 days of the due date)
• Must be made after October 1, 2007
• Cannot be made while in default, deferment, forbearance, during your grace period, or while you are in an in-school status
• Must be made while working full time for an eligible employer
• Must be made on a federal Direct Loan