Loan Repayment
Understanding the repayment process for your student loans can go a long way toward building a solid financial foundation.
Remember, student loans are real loans, just like car loans or mortgages. You must repay a student loan, even if your financial circumstances become difficult. Your student loans cannot be canceled because you didn’t get the education or job you expected, or because you didn’t complete your education (unless you couldn’t complete your education because your school closed).
Type of Loans
Repaying Your:
Repayment Plans
You can work with your loan servicer to choose a student loan repayment plan that’s best for you. To make your payments more affordable, repayment plans can give you more time to repay your loans or can be based on your income.
To find out more about repayment options before receiving a Direct Loan, you can contact us or the Federal Student Aid Information Center at 800.4FEDAID (800.433.3243).