Are you a federal student loan borrower? Are you confused about the student loan repayment process? 
Don t let the student loan repayment process overwhelm you. Use this checklist to help you manage and repay your federal student loans. Be an informed borrower by learning about your loans and what to do for a smooth repayment experience. As you work through this checklist , you ll find out how to make payments and figure out which repayment plan is best for you ; and you ll know what to do if you re having trouble making payments or think you might be eligible for loan forgiveness. Remember : You never have to pay for help with your student loans! 

Before You Graduate or Leave School 
Review your federal student loan history. Get your loan history by logging in to " My Federal Student Aid " you ll need to create an FSA ID if you don t already have one. As you review your information , note the following : The current loan balance and interest rate for each loan The loan type depending on when you went to school and what loan programs your school participated in, you may have loans from different federal student loan programs; the types of loans you received can affect what benefits are available to you The name of the loan servicer for each loan a loan servicer is a company that handles the billing and other services on your loans; generally, you ll have one servicer for all your federal student loans, but there is a chance you could have more than one Get to know your loan servicer. Your servicer helps you with your student loans for FREE! It s important that you know who your loan servicer is and how to contact them because you will eventually be making your loan payments to your servicer. Take this opportunity to save your servicer s phone number in your phone. Create an online account on your servicer s website. You can find the most detailed and up - to - date information about your loans, make your payments, and manage your loans for example, change repayme

user: I am very comfortable with the student loan payment process, could you help me?

assistant: Don't let the student loan repayment process overwhelm you. You can use this checklist to help you manage and pay your federal student loans. that way it would be easier for you

assistant: Do you want to know how to work on this checklist?

user: Yes i would like to know

assistant: Thanks to the checklist, you will discover how to make payments and determine which payment plan is best for you and will know what to do if you have trouble making payments or think you may be eligible for loan forgiveness.

user: How good and if I should have the lowest monthly payment?

assistant: you can select a payment plan based on income, you can have multiple obions

user: If I don't select a specific payment plan, what can happen?

assistant: In that case your loan will be included in the Standard Payment Plan. Please note that you can change to a different plan at any time by contacting your loan manager.

user: Can you explain what happens better if I don't select a specific payment plan?

assistant: there will be no problem since a standard plan is placed and you can change it whenever you want

user: If I can't make the payments, what should I do?

assistant: The first thing is to contact your loan servicer right away for help. Your administrator can offer you temporary or long-term options, such as changing payment plans, deferment, forbearance, or loan consolidation. Get details on what to do if you're having trouble making your payments.