Student Loan Repayment & Financial Wellness Resources

Most federal student loans have a 6-month grace period after you graduate, leave school, or drop below half-time enrollment.

You can review your loan details, loan servicer information, and repayment start date by logging into StudentAid.gov.

If you’re unsure about your repayment timeline, contact our Financial Aid Office — we’re happy to help you review your status.

Making your payments on time and in full:

• Protects your credit score
• Helps you avoid additional fees
• Keeps you eligible for future financial aid
• Prevents collection activity

Missed payments can negatively affect your credit and may lead to serious consequences such as wage garnishment or tax refund offsets.

You can monitor your credit report for free at AnnualCreditReport.com.

If you miss a payment, your loan becomes delinquent. After 270 days of nonpayment, federal loans typically go into default.

Default can result in:

• Damage to your credit
• Collection fees
• Wage garnishment
• Loss of eligibility for additional federal aid

If you’re struggling, act early. Many options are available to help you avoid default.

For official information on loan repayment and default prevention, visit Federal Student Aid.

Federal student loans offer several repayment plans, including:

• Standard Repayment Plan
• Graduated Repayment Plan
• Extended Repayment Plan
• Income-Driven Repayment (IDR) Plans

Income-driven plans adjust your payment based on your income and family size. Additional repayment plans can be found here. *(https://studentaid.gov/manage-loans/repayment/plans)

To compare plans or apply, visit StudentAid.gov.

If you're experiencing financial hardship, you may qualify for:

• Deferment
• Forbearance
• Loan consolidation
• Public Service Loan Forgiveness (if eligible)

Explore your options before missing a payment. Our Financial Aid Office can help you understand what may work best for your situation.