Windham Student Loan: Everything You Need to Know

Welcome to our in-depth guide on Windham Student Loans. If you’re a college student or a recent graduate, you’re certainly familiar with the financial struggles that come with tuition fees, housing expenses, books, and other related costs. As a result, many students turn to student loans to cover these expenses, and Windham Student Loans is just one of several options available. In this guide, we’ll provide you with all the information you need to know about Windham Student Loans.

What are Windham Student Loans?

Windham Student Loans are a type of education loan available to students who need to finance their education expenses. Windham Student Loans are offered under the Federal Family Education Loan Program (FFELP), which is a government loan program created to provide financial support for students in need. It’s important to note that as of July 1, 2010, no new FFELP loans are being issued, and all new federal student loans are disbursed through the Direct Loan Program.

How do Windham Student Loans work?

Windham Student Loans work just like any other student loan. Students may take out a loan to pay for tuition, books, room and board, and other related expenses. Once the loan is approved, the student receives the funds directly from the lender. The student is then responsible for repaying the loan, with interest, after graduation. When taking out a loan, it’s important to read the terms and conditions carefully to understand your repayment obligations.

Types of Windham Student Loans

Type of Loan
Subsidized Stafford Loan
Available to undergraduate students who have demonstrated financial need. The government pays the interest on these loans while the borrower is in school, during the grace period, and during authorized periods of deferment.
Unsubsidized Stafford Loan
Available to undergraduate and graduate students regardless of financial need. Interest accrues on these loans while the borrower is in school and during deferment periods.
Available to parents of dependent undergraduate students and graduate students. Creditworthiness is taken into account before loans are disbursed.

Qualifying for Windham Student Loans

In order to qualify for Windham Student Loans, you must be a U.S. citizen or an eligible non-citizen, be enrolled in an eligible school or program, and meet certain eligibility requirements. The eligibility requirements vary between loan types, so it’s important to check with your lender or the Federal Student Aid office for specific information.

Interest Rates and Fees

The interest rates and fees for Windham Student Loans vary depending on the type of loan and the lender. Generally, interest rates on federal student loans are fixed and are set by Congress every year. Private lenders may offer variable interest rates, which means that the interest rate can change over the life of the loan. It’s important to research interest rates and fees carefully before choosing a loan.

Repayment of Windham Student Loans

Repayment of Windham Student Loans typically begins after graduation, although it’s possible to begin paying before then. There are several repayment plans available, including standard repayment, graduated repayment, income-driven repayment, and extended repayment. It’s important to research each repayment plan to determine which one works best for your financial situation.


What is the difference between a subsidized and an unsubsidized loan?

The main difference between a subsidized and an unsubsidized loan is how interest is handled while the borrower is in school. With a subsidized loan, the federal government pays the interest during periods of enrollment, grace periods, or deferment. With an unsubsidized loan, the borrower is responsible for paying all interest that accrues while they are in school.

What is the maximum amount I can borrow?

The maximum amount you can borrow depends on several factors, including your grade level, your dependency status, and your cost of attendance. For example, dependent undergraduate students can borrow up to $31,000 in federal student loans, while independent undergraduate students can borrow up to $57,500. Graduate students can borrow up to $138,500, including both undergraduate and graduate loans.

Do I need a co-signer to get a Windham Student Loan?

Windham Student Loans do not require a co-signer, except for PLUS loans. Depending on the lender’s credit requirements, a co-signer may be required for private student loans.

Do I need to make payments while I am still in school?

No, you are not required to make payments on your Windham Student Loans while you are still in school. However, you may choose to make payments to reduce the total amount you owe.

Can I consolidate my Windham Student Loans?

Yes, you can consolidate your Windham Student Loans. Loan consolidation allows you to combine multiple federal student loans into one loan, potentially lowering your monthly payments and making it easier to manage your debt.

What happens if I don’t make my student loan payments?

If you don’t make your student loan payments, your loan will become delinquent and eventually go into default. This can negatively impact your credit score, and you could face wage garnishment, legal action, or other collection efforts. It’s important to contact your lender or loan servicer as soon as possible if you’re having trouble making payments.

Can I discharge my student loans in bankruptcy?

Student loans are generally not dischargeable in bankruptcy, except in cases of extreme financial hardship. This means that you will still be responsible for repaying your student loans, even if you declare bankruptcy.

How can I lower my student loan payments?

You may be able to lower your student loan payments by choosing an income-driven repayment plan or by consolidating your loans. You may also be able to defer your payments or request forbearance if you’re experiencing financial hardship.

Can I qualify for loan forgiveness?

Some borrowers may be eligible for loan forgiveness under certain circumstances, such as working in a public service job or through the Teacher Loan Forgiveness Program. It’s important to research the requirements for loan forgiveness programs carefully to determine if you’re eligible.

Can I refinance my Windham Student Loans?

Yes, you can refinance your Windham Student Loans through a private lender. Refinancing allows you to replace your existing loans with a new loan that has a lower interest rate and/or better repayment terms.

Am I eligible for Windham Student Loan forgiveness?

Windham Student Loans do not offer forgiveness programs; however, there are federal forgiveness programs available for certain types of loans, such as the Public Service Loan Forgiveness Program.

Can I defer my Windham Student Loan payments?

Yes, you may be able to defer your Windham Student Loan payments if you meet certain eligibility criteria. During deferment, you can temporarily postpone your loan payments. You may also be able to request forbearance, which allows you to temporarily reduce or pause your payments.

Can I pay off my Windham Student Loans early?

Yes, you can pay off your Windham Student Loans early without penalty. By paying off your loans early, you can potentially save money on interest and reduce the overall cost of your loans.

Can I change my repayment plan?

Yes, you can change your repayment plan at any time. There are several repayment plans available, including the standard repayment plan, the graduated repayment plan, and the income-driven repayment plan. It’s important to research each repayment plan carefully to determine which one works best for your financial situation.

How do I apply for a Windham Student Loan?

To apply for a Windham Student Loan, you will need to fill out the Free Application for Federal Student Aid (FAFSA). This application is used to determine your eligibility for federal student aid, including loans. Once your FAFSA is processed, you will receive a financial aid award letter that outlines the amount of aid you are eligible to receive.


In conclusion, Windham Student Loans can provide valuable financial support for students who need to finance their education expenses. However, it’s important to carefully research your options and understand your repayment obligations before taking out a loan. By doing so, you can avoid unnecessary debt and set yourself up for financial success after graduation.

If you have any questions or concerns about Windham Student Loans, be sure to reach out to your lender or the Federal Student Aid office for assistance.

Closing Disclaimer

The information provided in this article is for informational purposes only and should not be considered financial or legal advice. For specific advice regarding your personal financial situation, please consult with a qualified professional.