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What is an Interest Accrual Form?

April 26, 2017accrual form

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What is an Interest Accrual Form?

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You’ll fill out an Interest Accrual Form at the end of your service to notify the Corporation of National & Community Service (CNCS) that you have finished your term. From there CNCS will calculate the percentage of your accrued interest to be paid and pay your lending institution directly. To verify payment you’ll need to contact CNCS and your lending institution.

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If you have qualified loans that were accruing interest during your Term, you’ll fill out an Interest Accrual Form at the end of your service to notify the Corporation for National & Community Service (CNCS) that you have finished your Term. From there, the CNCS will calculate the percentage of your accrued interest to be paid and pay your lending institution directly. To verify payment you’ll need to contact CNCS and your lending institution.