Student Loan Repayment
Are you starting to wonder how much your student loan repayment amount will be? Concerned that you won’t be able to afford that and your normal everyday expenses? Don’t worry the financial aid department is here to help! Student loan repayment doesn’t have to be scary. Our goal is to help you make good financial decisions and stay out of default . Don’t be afraid to ask questions and ask for help!
Here are some helpful online tools to determine how much you will owe and to help determine what repayment plan is best for your situation.
- Federal Student Aid (FSA)
- Exit Counseling will help you understand your rights and responsibilities as a student loan borrower and is required if you are attending less than half time.
- You can review your loans and review repayment options
- National Student Loan Data System (NSLDS)
- If you don't know who services or holds your loans, use the free Loan Locator service.
There are also great tools that can help you budget better. These can help you to borrow less and spend less making that loan repayment easier. Here are two of our favorite resources:
- PCC Money Matters contains many great outside resources that are free to use.
- SALT has lots of great resources that cover budgeting, student loan repayment, scholarships and free calculators.
If, at any time during repayment, you find you are having financial difficulties, do not ignore your student loans! Call SALT representatives toll-free at 1.855.469.2724 to discuss your options. They are there to help you through any tough times.
The U.S. Department of Education's Federal Student Aid (FSA) Ombudsman Group is also a neutral, informal resource to help resolve disputes and solve other problems with federal student loans. The Ombudsman helps resolve problems related to student loans when other approaches have failed. Borrowers must first make every effort to resolve student loan problems before contacting the Ombudsman. Borrowers who have completed steps to resolving their loan dispute and are still not satisfied may contact the Ombudsman by either completing an online form or by calling 1-877-557-2575.