Don't let the student loan repayment process overwhelm you. I recommend that you use a checklist to help you manage and pay your federal student loans.
do you want to do the checklist?
yes I would like it
This list will help you make payments and determine which payment 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.
With this list can I see plans that will have a refund of up to 20 or 25 years?
yes but if it is not fully refunded within that time the remaining balance will be forgiven.
If you fail to pay the full amount due on time or if you start to miss payments, including one, will your loan be considered delinquent?
yes and you may be charged late fees
using Loan Simulator. If I want to pay my loans quickly and I want to afford it, what can I do?
you must select the standard Payment Plan
When I sign up, what benefit does my payment have automatically taken from your bank account every month?