DePaul University > Admission & Aid > Financial Aid > Repay Loans
The U.S. Department of Education (ED) created the Fresh Start program to help eligible borrowers with defaulted federal student loans. Eligible students may regain aid eligibility in addition to other benefits. In the coming weeks, ED will contact borrowers directly with additional information and they will continue to update the Federal Student Aid website as more information becomes available.
Thinking realistically about your student loan borrowing can help you make decisions now that will allow you to manage your loan repayment later. We encourage you to use Federal Student Aid’s
Loan Simulator to understand your
repayment options and estimated monthly repayment amounts.
We have partnered with
Student Connections to make the repayment process easier for you. Contact them with your loan repayment questions.
You are required to complete personalized exit counseling if you have received a
Federal Direct Loan,
Federal Perkins Loan, or a
Federal TEACH grant and:
These three aid programs have their own exit counseling. If you received aid from multiple aid programs, you
must complete separate exit counseling for each. In this federally required exit counseling, you will learn about the next steps with your federal student loans and/or TEACH grant.
The Office of Financial Aid will receive confirmation upon your completion of this requirement.
Temporary Expanded PSLF: The U.S. Department of Education (ED) announced a temporary period during which borrowers may receive credit for payments that previously did not qualify for PSLF or TEPSLF.
Learn more about this limited PSLF waiver. You can also
watch live webinars to learn about how you can earn PSLF and the temporary waiver. This waiver expires October 31st, 2022.
Congress created the
Public Service Loan Forgiveness (PSLF) program to encourage students to work full-time in public service jobs. Borrowers may qualify for forgiveness of the remaining balance due on their eligible federal student loans after they have made 120 payments on those loans under certain repayment plans while employed full time by certain public service employers.
PSLF fact sheet and the
PSLF Questions and Answers for more information on the terms and conditions of the program and to understand what types of public service jobs qualify.
There are two types of loan forgiveness programs for teachers:
See the U.S. Department of Education's comprehensive website detailing
teacher loan forgiveness and cancellation options.