Repaying Your Student Loans

Once you leave school, things start moving pretty fast. While payments for any private loans you have are likely built into your current budget, it’s important to get a handle on everything you owe on federal loans during your grace period so you’re prepared for successful repayment of all student debt.

• Step 1 – Locate your loans
  You can find a complete list of your loans, loan servicers, and their contact information by logging in to the National Student Loan Data System (NSLDS). Use your federal student aid (FSA) ID – the same ID you used to complete the FAFSA.
• Step 2 – Get to know your loans
  If you took out several loans, they may have different payment terms. Make note of the terms, including due dates, payment period, interest rates, monthly amounts, and other details.
• Step 3 – Develop a strategy
  Did you know there are several repayment plans available? Consider your options and find the one that works best for your situation.
• Step 4 – Stay in touch with your loan holder
  Whenever there’s a change in your personal situation, tell your loan holder. This includes changes to your name, address, or phone number as well as your enrollment status, graduation date, or if you’re having trouble making your loan payment.