Loan Repayment

Graduating and/or Leaving School

Once you graduate, leave school, or are no longer enrolled at least half time in an eligible program, you are required to complete Exit Counseling and your Grace Period begins.

Repayment

There are many things to be aware of when loans go into repayment.

There are multiple repayment plans available.
You may lower your interest rate by making electronic payments.
Repayment Calculators calculate monthly payments and may help determine if switching repayment plans is a good idea.
Applying for deferment or forbearance may help you from going into default on your student loan if you are having trouble making payments.

Loan Forgiveness and Cancellation

There are multiple loan forgiveness and cancellation programs available for students that meet certain criteria.

Consolidation

A loan consolidation combines one or more eligible educational loans into a single new loan. The Direct Loan Program offers a Direct Consolidation Loan for those borrowers who are interested in consolidating their eligible educational loans.