Loan Repayment, Rights, and Responsibilities

Federal student loans offer fairly flexible repayment terms, including 10-year fixed repayment, graduated repayment, or income-based repayment for up to 25 years. To find out more about repayment options for Federal 直接贷款, contact the Federal Student 援助 Information Center at 1-800-4-FED-AID (1-800-433-3243), 或访问 直接贷款.

Federal loans offer other benefits. For example, students working in public service or in the military may be eligible for 贷款宽恕. Or, if students have special circumstances, such as going back to school, 失业, 结婚, or having a child, they may be able to apply for forbearance or deferment. Check with the servicer for details.

Don't know who your servicer is? 参观 National Student Loan Database and log in with your Federal Student 援助 username to view a comprehensive history of your student loan activity.

Private alternative loan repayment terms vary by lender.

Entrance Counseling

All borrowers of federal loans must complete entrance counseling before disbursement. Once complete, a student's file last for ten years. 访问 Student援助.政府 to begin; detailed instructions are available - 点击这里 参观.

Master Promissory Note

If you are a first time borrower of Federal Loans you must complete the Master Promissory Note.  访问 Student援助.政府 to begin; detailed instructions are available - 点击这里 参观.

出口咨询

All borrowers of federal loans must complete exit counseling before repayment begins. 访问 Student援助.政府 to begin; detailed instructions are available - 点击这里 参观.

Sample Repayment Schedule

The average undergraduate student borrows $26,946 in federal student loans at an interest rate of 3.9%. Using these figures, a single person who graduates in 4 years might have the following repayment schedule:

To calculate an estimated repayment schedule using personalized data, visit Student援助.政府.

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Failure to make regular payments on federal loans can have serious consequences, including negative credit reporting, 默认的, or even wage garnishment. 然而, federal student loans offer options for borrowers who are unable to pay back their loans on time.

• 延期 Temporarily suspend payments due to a short term circumstance, such as enrolling in college or the US Military.
• 忍耐 应用 for a pause in your payments after you've begun repayment, usually due to financial hardship.
• 宽恕 Several 贷款宽恕 programs are available, including public service 贷款宽恕, or discharge due to disability or death. 联系 your servicer to find out how to apply (visit National Student Loan Database).