As you plan your educational financing, think ahead to when you will begin repaying your loans: How much will your monthly payments be? When will they begin? How long will you be making them? Thinking realistically about your student loan borrowing can help you make decisions now that will allow you to manage your loan repayment later. An excellent resource for all types of loan repayment information is Federal Student Aid.
We encourage you to use Federal Student Aid’s very helpful Repayment Estimator to gain an understanding on the relationship between loan repayment and your anticipated resources after graduation.
Get to know the many Direct Loan Repayment Plans.
Loan Exit Counseling
If you're graduating, leaving the university or enrolled less than half time, you are required to complete loan exit counseling if you've received a:
- Federal Direct Loan
- Federal Perkins Loan
- Federal TEACH Grant
If you plan to work full time in public service or education, you may be eligible for a loan forgiveness program.
Still have questions?
We're here to help you with the fundamentals of responsible borrowing and debt management. Visit the Financial Fitness Program site for financial management tools and techniques that will help you in college and beyond, or contact a financial aid counselor for assistance.