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 need help understanding how the student loan repayment process works.

assistant: The student loan repayment process can be overwhelming. I'll be happy to help you understand how to manage and repay your student loans.

assistant: Have you taken a look at the checklist on our site?

user: No, I haven't seen it.

user: Should I create an online account with my loan servicer?

assistant: Yes, and it's very important the make sure that your contact information is correct.

user: How can I figure out what the best repayment plan option is for me?

assistant: The checklist will guide you through this. It will also provide you with information about making payments.

user: Who handles the billing and services for my federal student loans?

assistant: Your loan servicer is responsible for this. In most cases, you will have one loan servicer for al of your federal student loans, but it is possible that you could have more than one. 

user: When do you begin paying on most loans?

assistant: For the majority of loans, you'll have between six to nine months for Federal Perkins Loans after you graduate, leave school, or drop below half-time enrollment before you begin repaying your loans.