Loan Repayment Resources
Loan Forgiveness Programs
In certain situations, you can have your federal student loans forgiven, canceled or discharged. Learn more about the types of forgiveness and whether you qualify due to your job or other circumstances.
Loan Repayment Plans
Before repayment begins, develop a plan that puts you on track to pay back your loan on time and in full.
Federal Loan Consolidation
Consolidating student loans is similar to refinancing, which allows a student to combine his or her federal loans (not private loans) into one big loan, usually extending the repayment period beyond the 10-year maximum. Depending on the loan amount, the new loan terms can go from 12–30 years. Although a student's minimum monthly payment can be significantly reduced, it is important to note that in most cases, this will result in additional interest being paid over the life of the loan.