Repayment

Federal Direct Stafford Loan repayment begins when student’s either graduate, withdraw, or enroll less than half-time and have used the allowable grace period usually six consecutive months. The length of repayment is between 10 and 25 years, depending on the amount borrowed and the type of repayment plan selected. Students may also pay the balance of the loan, plus any interest due, early and without a penalty. For more information, call your Direct Loan Servicer.  You may find your servicer by visiting the NSLDS Student Access website.  

Postponing Loan Repayment (Deferment and Forbearance)
Under certain circumstances, you can receive periods of deferment or forbearance that allow you to postpone loan repayment. These periods do not count towards the length of time you have to repay the loan. For information on deferments and forbearance, call your Direct Loan Servicer.  You may find your servicer by visiting the NSLDS Student Access website.  For general information, visit StudentLoans.gov

Loan Discharge or Cancellation and Forgiveness
Under certain circumstances, you can receive cancellation or sometimes "forgiveness" of a loan. For more information, call your Direct Loan Servicer.  You may find your servicer by visiting the NSLDS Student Access website.  For general information, visit the StudentLoans.gov.

Direct Loan Servicers

You may find your actual servicer by visiting the NSLDS Student Access website.

Federal Direct Consolidation Loans:
A Consolidation Loan allows students to combine one or more of your federal education loans into a new loan that offers you several advantages such as one monthly payment, flexible repayment options, or reduced monthly payments. Before making a decision to consolidate your federal student loans, consider factors such as the affordability of your monthly payments, the number of payments you need to make to multiple lenders, the interest rates on each of your loans, and how much you are willing to pay over the long term. For more information, call the Federal Direct Consolidation at 1-800-557-7392 or visit the Consolidation links below.

Students enrolled before May 2009, will have borrowed loans through the Federal Family Education Loan Program (FFELP). Students enrolled after June 1, 2009, will borrow loans through the Federal Direct Loan Program. Therefore, students must be aware of multiple lenders. It is recommended that you visit the NSLDS Student Access website.  NSLDS provides a central database for student aid and allows students access to view information from schools, guaranty agencies, the Direct Loan program, as well as other programs; which is a valuable tool in managing your federal student loan information.

You will need your Federal Student Aid ID, FSA ID, to access the website; you have used the FSA ID when electronically signing your loans or when completing your FAFSA. 

Managing your debt is your responsibility, and the NSLDS website is a critical tool in assisting you. Keeping track of your financial obligations allows you to create a better financial future.

Access the links below to obtain more detailed information about your Loan Consolidation options, your eligibility to consolidate, and the benefits of consolidating. Review this information carefully before making a final decision.

Consolidation Check List

Apply:

Direct Consolidation Loans

National Student Loan Data System (NSLDS)

Students and parents with federal loans will have loan information submitted to the National Student Loan Data System (NSLDS), which will be accessible to guaranty agencies, lenders, and schools. It is recommended that students and parents with federal loans visit the NSLDS Student Access website.  You will need your FSA ID to access the website; you have used the FSA ID when electronically signing your loans or when completing your FAFSA.