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Loan Repayment Information

Students are required to pay back all federal student loans borrowed according to the terms of the Master Promissory Note. When it comes time to repay your Federal Direct Student Loan, you will need to select a repayment plan. There are several repayment plans to choose from. How much you pay and how long you take to repay your loans will vary depending on the repayment plan you choose. Consolidation loans also have varying repayment plans. 

Repayment Information

The most common repayment plan options are: Standard, Extended, Graduated, Income Contingent, Income-Driven and Income-Sensitive. For detailed descriptions of each repayment plan option, visit the Federal Student Aid websitePlease Note: students seeking face-to-face guidance may contact One-Stop Student Services in order to schedule an appointment with a Financial Aid Specialist.

Repayment Estimator

The U.S. Department of Education's Federal Student Aid website features a Repayment Estimator. This is a personalized tool you can use to explore repayment options based on your income. You'll need your federal FSA ID to log in and access your actual loan information.

Additional Resources

The Office of Student Financial Assistance (OSFA) offers free resources to help educate students regarding their rights and responsibilities as a student loan borrower. All are found on the Navigating Your Financial Future website, including:

  • Financial Literacy online training module covering Repayment of Student Loan Debt, Managing Your Credit and Managing Your Budget (located under the TRAINING tab for students)
  • Financial Calculators and Wizards (located under the GET STARTED tab for students)
  • Recorded presentations (located under the TRAINING tab for students)
    • Repayment of Your Student Loan Debt
      • Chapter 1: Rights and Responsibilities, Types of Loans, Interest
      • Chapter 2: Repayment Plan Options, Resources to Compare Plans
      • Chapter 3: Delinquency, Default, Where to Find Help

FSA Ombudsman Group

The Federal Student Aid (FSA) Ombudsman Group of the U.S. Department of Education (ED) is a neutral, informal, and confidential resource to help resolve disputes about federal student loans. The FSA Ombudsman Group should only be contacted as a last resort after efforts to resolve your student loan problems with your lender or servicer have been made.