Loan Repayment

As a student loan borrower, you are responsible for knowing the total amount of federal loans you have borrowed. A summary of your federal loan debt is available via the National Student Loan Data System (NSLDS) at nsldsfap.ed.gov.

Students must keep in mind that they are legally responsible for fully repaying all of their loans according to the terms outlined in their Master Promissory Note. Students are required to repay their loans regardless of whether they complete their education, are able to find employment, or are satisfied with their education. Students should make every reasonable attempt to minimize the amount that they borrow by borrowing only what they need and what they can afford to repay.

Repayment Estimator is a tool that William D. Ford Federal Direct Loan (Direct Loan) and Federal Family Education Loan (FFEL) program borrowers can use to obtain preliminary repayment plan eligibility information and estimated repayment amounts. This tool offers borrowers the opportunity to obtain preliminary repayment information across all of the repayment plans. Its advantage over repayment plan-specific calculators is that it provides side-by-side results for all plans and information about the total cost of a loan over time. The repayment estimator is available for borrower use at studentaid.gov/loan-simulator/.