Student Loan Repayment 101

Track your Federal Financial Aid history here

  • It will list who the Department of Education has assigned as your Loan Servicer and their contact information (this can change throughout the lifetime of your loan).
  • Track your repayment status.
  • Not “Real-Time” but the best way to track your Federal Loan information.

Repayment starts 6 months after graduation

  • This can be different if you took time off from school so always check with your Loan Servicer to verify your start time.
  • You will receive paperwork and notifications from your lender as you get closer to repayment.  This will also list the amount of your monthly payment.

Repayment Options

  • There are many different repayment options from traditional 10 year repayment plans to income-driven repayments plans.
  • All students are initially put into the 10 year standard repayment plan but you can contact your loan servicer to find out if one of the other repayment plan options would work better for you.
  • Click here to use the repayment calculator and get more information about the repayment plan options

You are responsible for keeping your loan in good standing!

  • Contact your loan servicer at any time during repayment if you feel you can’t make a payment.
    • Deferment and Forbearance options are available for certain life events that prevent you from making payments.
  • There are numerous negative side effects if you become delinquent on your federal student loans. 
  • All students are required to complete Exit Counseling when they are leaving school.  This can be completed here.


If you took out an Alternative (or Private) student loan through an outside institution you will also need to contact that lending institution to find out the terms of repayment.