Managing Student Loans
You will be able to choose a repayment plan that meets your needs. The amount you pay and the length of time to repay your loans will vary depending on the repayment plan you choose. Generally, you’ll have from ten to twenty-five years to repay your loans. Our office recommends that you explore the Direct Loan Repayment Plans and Calculators for more information about the repayment plans and to calculate your estimated repayment amount under each of the different plans.
For more information on loan servicers, please go to StudentAid.gov.
Countdown to Repayment
Articles and Resources on the Web on the Subject of Student Loans
A Montag. (2018, Sep 19). Kevin O’Leary shares his No. 1 piece of advice for paying off student loans. CNBC Make It. Retrieved from https://www.cnbc.com/2018/09/19/kevin-olearys-top-advice-for-paying-off-student-loans.html
Make sure you understand which companies and claims are legitimate. Borrowers have reported receiving phone calls, emails, letters, and/or texts offering them relief from their federal student loans or warning them that student loan forgiveness programs would end soon. Usually, the so-called student loan debt relief companies offering these types of services don’t offer any relief at all. Often they’re just fraudsters who are after your money.
Here are some examples of the false claims made in these communications:
- “Act immediately to qualify for student loan forgiveness before the program is discontinued.”
- “You are now eligible to receive benefits from a recent law that has passed regarding federal student loans, including total forgiveness in some circumstances. Federal student loan programs may change. Please call within 30 days of receiving this notice.”
- “Your student loans may qualify for complete discharge. Enrollments are first come, first served.”
- “Student alerts: Your student loan is flagged for forgiveness pending verification. Call now!”
STUDENT LOAN SCAM NOTICE!
Several students have reported receiving robocalls from fake student loan forgiveness companies promising to relieve them of their loans for a small price. Don't believe them and pass this on to your friends & family. https://t.co/VXgi8VR9vB pic.twitter.com/g6ObVTTwNs
— Federal Student Aid (@FAFSA) December 10, 2018
Need to get out of student loan default? Don't stress—you have options! pic.twitter.com/XUp2PXoGBb
— Federal Student Aid (@FAFSA) December 28, 2018