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Repaying Student Loans

Information to help you manage the repayment of your federal student loans.

Remember, federal student loans are real loans and must be repaid.

Your loan servicer or lender must provide you with a loan repayment schedule that states when your first payment is due, the number and frequency of payments, and the amount of each payment. Keep in mind that your loan may have a grace period. To find out who your loan servicer is go to: www.nslds.ed.gov

Grace Period

The grace period is a set period of time after you graduate, leave school, or drop below half-time enrollment before you must begin repayment on your loan. The grace period gives you time to get financially settled and to select your repayment plan. Not all federal student loans have a grace period. 

Repayment Calculator

Use the repayment estimator to anticipate your monthly loan payment, total interest paid, and total pay-off underneath each repayment plan tohelp you determine the best repayment program for you. 

Available Repayment Plans: 

Making Payments

There are several ways you can make your payments.

If you want to make electronic payments, you can do the following:

  • Receive your student loan statement electronically.
  • Make your student loan payment through electronic debiting.
  • Schedule a recurring electronic debit to pay your bill. You can enroll in electronic debit in several ways, depending on which type of loan you are repaying. Contact your loan servicer for more information.
  • If you want to make payments by postal mail, you should mail your payments directly to your loan servicer

Cannot Afford your Payments?

Contact your loan servicer if you would like to discuss repayment plan options or change your repayment plan. You can get information about all of the federal student loans you have received and find the loan servicer for your loans by logging in to www.nslds.ed.gov

Federal Loan Forgiveness

If you are employed by the government or not-for-profit organization, you may be eligible for the Public Service Loan Forgiveness Program

Federal Loan Repayment Incentives

Some organizations or companies offer partial repayment of Federal student loans as a way to recruit or retain highly qualified employees. Repayment incentives are different than loan forgiveness. Only the Department of Education can forgive your Federal student loans; in contrast, repayment incentives are payments made on your student loans by a third party. The Office of Financial Aid has compiled a list of organizations that are known to offer such benefits. Please note that this list is not exhastive, but rather a place to start. 

 
 
 

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1791 Arastradero Road
Palo Alto, CA 94304

Phone: (800) 818-6136 Fax: (650) 433-3888

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