Student Loan Repayment
Before you receive a loan, you would have completed the Master Promissory Note. At that time, you promised to pay back the funds that were disbursed. The loans you borrowed, may or may not have accrued interest while you were in school at least half-time.
Subsidized Direct Loan or Federal Perkins Loan- Interest did not accrue while you were in school.
Unsubsidized Direct Loan &/or Alternative Loans- Interest accrued from the time it disbursed (paid out).
Understanding your repayment terms and conditions is critical, in order to avoid delinquency and default. It is important to know which loans you have borrowed, so the first place you should go to is the National Student Loan Database System (NSLDS). Select "Financial Aid Review" and log in to see a listing of all the Federal student loans you have borrowed while in college.
NSLDS will not provide a listing of any Alternative/Private student loans you have borrowed.
Frequently Asked Questions
- Federal Student Aid Repayment Information
- When do I begin repayment?
- Who is my loan servicer?
- What are my repayment options?
- Can I pay more than my monthly payment?
- What do I do if I'm having trouble making payments?
Estimate annual salary, see estimated payments by plan.
Capitalized Interest Calculator
Calculate how much interest accrues on a loan.
Credit Card Repayment Calculator
Determine how long it will take you to pay off your balance.
Check your credit report annually.
Student Loan Forgiveness
For NYS Licensed Social Workers