Complete Online Exit Counseling
Exit Counseling is required for all students who borrow Federal Student Direct Loans and have graduated, left school, or dropped below six credit hours. A financial hold will be placed on your account if you fall under any of the previous mentioned statuses until you successfully complete Exit Counseling. Visit www.studentloans.gov and click on tools and resources to complete Exit Counseling.
Retrieve Your Loan Information
The U.S. Department of Education's National Student Loan Data System (NSLDS) provides information on your federal loans including loan types, disbursed amounts, outstanding principal and interest, and the total amount of all your loans. To access NSLDS, click here and select Financial Aid Review.
Get to Know Your Loan Servicer
Staying in touch with your Loan Servicer is the best way to avoid default. Keep them informed of any address change, phone number change, or any other change in your information. If you're not sure who your loan servicer is, you can look it up at www.nslds.ed.gov or call the Federal Student Aid Information Center at 1-800-4-FED-AID (1-800-433-3243; TTY 1-800-730-8913). To see a list of Federal Student Aid servicers for the Direct Loan Program and for FFEL Program Loans purchased by the U.S. Department of Education, visit the Loan Servicer page.
Review Federal Direct Loan Repayment Information
Click here, to learn about your grace period, repayment plans, interest rate, and repayment options.
Create a Budget for Repayment
Use the time allowed by your Grace Period to create a budget which will help you make your payments and achieve your plan. You may use this online budget calculator to assist you in this process.
Tax benefits are available for certain higher education expenses, including a deduction for student loan interest for certain borrowers and may save you money. The Internal Revenue Service (IRS) Publication 970, Tax Benefits for Higher Education, explains these credits and other tax benefits. You can get more information online at www.irs.gov or by calling the IRS at 1-800-829-1040.