Repaying Student Loans - KnowledgeFirst Loan Repayment For many graduates, repaying student loans becomes an incredibly taxing and stressful ordeal. Thousands of students a year slip through the cracks and end up defaulting on their loans. Others struggle from month to month to make payments they can't afford.
Few students realize that there are options.
Loan Consolidation Consolidating your loans allows you to pay back all of your loans through one monthly payment. It also allows you to restructure your repayment schedule to better fit your financial situation. If you consolidate your loans, your total loan cost may increase. Review this section for a thorough description of your consolidation options. Forbearance and Deferment Graduates who are in danger of defaulting on their loans should consider deferment or forbearance.