Skip to Global Navigation Skip to Local Site Navigation Skip to Main Content

Loan Repayment Information

Organize Your Loan Portfolio

Borrowers may track all federal student loan records through the National Student Loan Data System (NSLDS). This site provides borrowers with a list of federal student loans, the principal balance, accrued interest, and the contact information for federal loan servicers. 

Identify Your Loan Servicer

Once a federal loan is disbursed, the Department of Education will assign a servicer to the loan. Through NSLDS, a student may locate the contact information for each loan servicer. Borrowers may make payments, view detailed loan records, and change repayment plans through loan servicers. 

*For students with multiple loans, it is possible to have more than one loan servicer.*

Research Repayment Plans

While all federal loans are automatically assigned a 10-year standard repayment plan, the Department of Education offers borrowers a variety of repayment options, allowing borrowers to extend the repayment term. Once a student graduates or ceases enrollment, a six-month grace period will occur before repayment begins. 

Choose a Repayment Plan

Since every borrower's financial situation is unique, a single repayment plan may not fit the needs of all borrowers. Selecting a plan from the numerous federal repayment options is a highly individualized process. Borrowers should review personal finances, job prospects, monthly budgets, and the financial consequences (i.e. more interest over the life of the loan) of extending a repayment term. 

To assist students in selecting a repayment plan, the Department of Education created a Repayment Estimator

The Repayment Estimator links directly to a borrower's NSLDS loan records, allowing students a preview of monthly payments under various repayment options. A student should contact the loan servicer to change repayment plans.