Borrowers of Federal Student Loans

Borrowers of Federal Student Loans

Important Reminders

 

 


Repay Your Student Loans

 

  • If you borrowed student loans, you are obligated to repay the debt.
  • It is important to repay the debt to avoid any negative consequences, such as being placed in collections, having your wages or other payments garnished, or seeing your credit score decline.
  • Unless your loans are in a deferment or forbearance status, you are obligated to make payments.
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Review Repayment Options

 

  • You may have some options available to you when it comes to repaying your student loan debt.
  • Plans are available that will allow you to repay your debt based on your income.
  • Use the StudentAid.gov Loan Simulator to find the best repayment strategy.
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Log Into Your Studentaid.gov Account

 

  • Log into your account at StudentAid.gov to make sure that your contact information is accurate and to determine the status of your student loans.
  • Your account will also have the name and contact information of your student loan servicer.
  • Contact your servicer if you have any questions or need to switch repayment plans.
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