DePaul University > Admission & Aid > Financial Aid > Repay Loans

Repay Your Student Loans

​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.

Exit Counseling

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:

  • have applied for graduation,
  • are leaving DePaul, either permanently or for a period of time, or
  • are enrolled less than half time, either permanently or for a period of time.

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.

Public Service and Teacher Loan Forgiveness

Public Service Loan Forgiveness

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.

Review the 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.

Teacher Loan Forgiveness and Cancellation Programs

There are two types of loan forgiveness programs for teachers:

  • Teacher Loan Forgiveness for Federal Direct Subsidized Loans and Federal Direct Unsubsidized Loans
  • Teacher Cancellation for Federal Perkins Loans

See the U.S. Department of Education's comprehensive website detailing teacher loan forgiveness and cancellation options.