Can I change my repayment plan after my loan is disbursed?

Yes, it is possible to change your repayment plan after your loan has been disbursed with Nelnet Loans. Once your loan enters repayment, you have the option to request a change in your repayment plan depending on your financial situation and preferences. Nelnet offers various repayment plans, including standard plans, graduated plans, extended plans, and income-driven repayment plans, which can be tailored to meet your needs. If you wish to make a change, you will want to ensure you understand the terms and conditions of the different repayment options. For example, some plans may offer lower initial payments, while others may result in higher overall interest costs. The process for changing your repayment plan typically involves completing an application. It is important to consult the relevant section of the Nelnet website for detailed information regarding the repayment options available, as well as the specific procedures you need to follow to change your plan. This can provide you with the most up-to-date information on how to proceed and what documentation may be required for your request.