answer:There may or may not be a late fee (student loans are a little different, and sometimes more lenient than regular loans). But you will probably want to pay it ASAP to keep your account in good standing. You may want to get the dl.ed.gov to consolidate it (to lower your payment and/or lock in/discount your interest rate), and I think if you miss too many payments, the dl.ed.gov won’t consolidate for you… check it out. You may want to consider it if you haven’t already!