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: Hi there. I have a federal student loan but I'm kinda confused about the repayment process, I would like some help with it.

assistant: Sure, don't let the repayment process overwhelm you. We can help you to solve some doubts you may have.

assistant: Have you seen the steps on the check list?

user: No, I have not. Not yet at least.

user: Great. But this is a free of charge process? Or I have to pay some extra for your advises? 

assistant: It's free. Remember that you will never have to pay for help with your student loans.

user: Alright. I heard from some of my friends that my loan can be forgiven if I consolidate it, is that true?

assistant: Yes, if you consolidate your loan you can increase your chances of qualifying for an affordable repayment plan or a loan forgiveness. But you need to see if this is your best option.

user: And what kind of things helps me in this case?

assistant: Some things that can help you is, if you can afford it, start making some loan payments while you still are in school. 

user: I see, normally the payments are done after I leave the school, right?

assistant: That's right, after you graduate, drop school, or leave, you will have six months to start your payments of your loan.