REPAYMENT PLAN & INTEREST RATE Payments of $100 per month begin 3 months following graduation or immediately upon withdrawal or dropping below full-time status. Monthly interest at an annual fixed rate of 6% begins to be charged when the first payment becomes due. The maximum loan repayment term is 7 years (84 months). Starting: Minimum Pmt: #Pmts. 3 months after graduation (or immediately at withdrawal) $100/month 1yr. /9 pmts. (12 payments if withdraw) 2nd year after first payment becomes due $150/month 1yr. /12 pmts. 3rd year after 1st pmt. is due through 7th year $195/month 5yr. /63 pmts. Checks should be made payable to The Canton Student Loan Foundation. Borrowers may also sign up for Automatic Payment. With automatic payment, loan payments are automatically paid on the due date and there are no worries about mailing the payment on time or making a payment when out of town. Enrollment is easy, simply complete the enrollment application!   - The Canton Student Loan Foundation -     This website was created by the Wilkshire.net Web Design Group. Questions or comments, email webmaster@wilkshire.net Portions Copyright 2001, Wilkshire Communications, Inc. All rights reserved. Reproductions without permission are strictly prohibited. Other trademarks or registered trademarks are the property of their respective owners.