Do I have to make payments while I am in school?

Yes, you’ll be paying $40 a month while you are in school.  Loan interest will begin to accrue as soon as you are in school. However, you can always make payments if you wish before the repayment period.  Those payments will reduce your loan balance. We report your in-school $40 payments to credit bureaus.  On time payments should help to improve your credit score.

Go back to the FundingU homepage