Repayment Breakdown

General Discussion for SMART Scholarship Recipients

Repayment Breakdown

Postby guestt » Fri Apr 27, 2018 8:26 am

Has anyone that has obtained a debt letter from DFAS obtained a breakdown of their bill?
Does the amount correspond to what you expected?
guestt
 

Re: Repayment Breakdown

Postby mystery123 » Fri Apr 27, 2018 3:06 pm

Yes-- I guess it was what I was expecting - tuition, stipend, book allowances-- the summer pay is not being collected. there are also no fees/interest
mystery123
 

Re: Repayment Breakdown

Postby Arbiter » Fri Apr 27, 2018 6:14 pm

What is the timeframe you have to pay back?
Are they monthly payments - if so, what are they?
Any grace period?
Arbiter
 

Re: Repayment Breakdown

Postby Question » Sat Apr 28, 2018 7:36 am

mystery123 wrote:Yes-- I guess it was what I was expecting - tuition, stipend, book allowances-- the summer pay is not being collected. there are also no fees/interest


The summer pay that is not being collected, is that just the support payments or the portion of the stipend from the summer, too?
Question
 

Re: Repayment Breakdown

Postby guesttt123 » Sat Apr 28, 2018 5:01 pm

mystery123 wrote:Yes-- I guess it was what I was expecting - tuition, stipend, book allowances-- the summer pay is not being collected. there are also no fees/interest

Are these separate items on your DFAS debt letter? Does it explicitly mention these items or does it simply say SMT Smart Scholarship?
guesttt123
 

Re: Repayment Breakdown

Postby mystery123 » Mon Apr 30, 2018 10:00 am

I had to request the breakdown, so it is separate from the DFAS letter. I requested in through the DFAS online portal under "misc misc". My original letter just said SMT SMART like the others.

Just the summer support payments (the 1200/week) are not being collected. Full regular stipend is being collected (so 25k/year for me).

Monthly payments for me are the total amount divided by 36 (so 3 years payback time). However, like others have said if you call DFAS they will tell you you can start paying less than that and request a lower payback program amount.
mystery123
 


Return to Recipients

Who is online

Users browsing this forum: No registered users and 8 guests

Welcome. The Unofficial SMART Scholarship Forum is fully supported through this banner add. In the past, I have relied on this income to pay for all hosting and domain charges, but it has only covered half of my expenses in recent years. If this is the first time you are seeing a banner here, it is because an adblocker has prevented it from appearing (I don't blame you). If you have found this forum valuable, I would appreciate it if you consider supporting its upkeep.

Thank you for being a part of this community.

-Chris