There are steps you can take to repay your federal student loan successfully and avoid going into default. 
Understanding your loan agreement , staying on top of your loan information , and making sure to contact your loan servicer if you are having trouble making payments can help you avoid default. If you don t make a payment on time or if you miss making a payment , your loan is delinquent and late fees may be assessed. Even if you are delinquent on your loan, you may still be able to avoid default , so it s important that you contact your loan servicer immediately. 

Take Steps to Avoid Default 
Avoid default. Take the time to fully understand your loan agreement and the types of loans you are receiving. It s also important that you not borrow more than you need or more than you expect to be able to repay. Develop a sound and realistic financial plan. If your federal student loan is delinquent , check out the Student Loan Debt Collection Assistant, which the U.S. Department of Education developed in partnership with the Consumer Financial Protection Bureau. The tool provides information about how to access the full range of special repayment options available to you. 

Understand Your Loan and Loan Agreement 
Understand the type of aid you are receiving. Loans, unlike most grants, scholarships, or work - study funds, must be repaid. Know the type of loan you are receiving. Understand the costs of getting the loan, the interest rate, and the repayment terms for the loan. Read Know Before You Owe from the Consumer Financial Protection Bureau. Read your promissory note. It is a legal document. Signing a promissory note means you agree to repay the loan according to the terms of the note. You must repay all the loans you receive, even if you don t complete your education. 

Manage Your Borrowing 
Borrow only what you need to pay for your college expenses. Create a budget to determine how much you really need to borrow. Contact your school s financial aid office to

user: I would like to know what happens if I cannot make my monthly payment?

assistant: Do you have trouble making your monthly payments?

user: yes

assistant: You should contact your loan manager immediately. Your loan manager can help you understand your options.

user: ok but If my federal student loan is delinquent, what should I do?

assistant: You should consult the Student Loan Debt Collection Assistant, which was developed by the US Department of Education in collaboration with the Office of Consumer Financial Protection. The tool provides information on how to access the full range of special payment options available to you.

user: ok I understand and can I simplify the refund with the consolidation?

assistant: Yes You may want to combine your multiple federal student loans into a single direct consolidation loan to simplify repayment. There may be trade-offs, so understand the advantages and potential disadvantages of consolidation before submitting the application

user: Loans, unlike most grants, scholarships or study and work funds, must be repaid under what conditions?

assistant: The first thing you should know is that before you owe from the Office of the Consumer Financial Protection is Read your promissory note.