What happens if I make a (2 day) late payment on my Direct Loan?

Answers:1   |   LastUpdateAt:2012-08-15 05:14:02  

Question
dyanna
Asked at 2012-08-11 22:06:39
I can make payments online, and you have to schedule the payment for the next day . I forgot completely and therefore the payment will be 2 days late ... come after me for the full amount or there is any grace period?
It is a student loan through the government , same place you get PLUS loans for parents.
Answer1areonnaAnswered at 2012-08-15 05:14:02
Depending on your service provider may charge a late fee and / or report to credit bureaus that you were late , but they will not go after you for payment in full. the only time I can do is say , if you are in default, which does not occur until at least 270 days delinquent
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