It is very important that you read all correspondence you receive about your student loans. Success in repaying your loans doesn’t just mean staying out of default; it also means staying out of delinquency and keeping your account current.

If you are having trouble making your scheduled student loan payments, check with your loan holder or servicer(s) to see which of the following options would be best for you:


  • Review your repayment plan options. Your loan is automatically placed in the 10-year Standard Repayment plan unless you request a different plan from your loan holder or servicer(s). There are a variety of repayment plans available that you can choose to meet your financial needs.

  • You may be eligible for a deferment or forbearance. Your loan holder or servicer(s) will help you determine if this is the best solution for you or if you qualify.

  • Consider loan consolidation. This may allow you to combine your eligible student loan debt into a new loan with new terms and payments over a longer period of time.    

  • Review your budget and, if necessary, seek professional financial counseling. To get on a better financial path, speak to a local, nonprofit professional credit counselor regarding money management services. 

  • In certain cases you may be eligible to have your student loans forgiven, canceled or discharged. Your loan holder or servicer(s) will help you determine if you qualify.

Don’t know your loan holder or servicer(s)? Use the National Student Loan Data System to access your student loan account and determine your total debt and the servicer(s) of your loans. You may also retrieve this information by calling 800-4FED-AID (1-800-433-3243). You will need your FSA ID to access your NSLDS records.