Do you have trouble making your monthly payments?
yes
Contact your loan manager immediately. Your loan manager can help you understand your options.
What steps can I take to avoid non-compliance?
Take the time to fully understand your loan agreement and the types of loans you are receiving. It is also important that you do not borrow more than you need or more than you expect to be able to pay
If I don't make a payment on time, what happens?
Your loan is delinquent and late fees may be charged. Even if you are behind on your loan, you can still avoid default, so it is important that you contact your loan manager immediately.
What is simplifying repayment with consolidation?
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.
What steps should I take to successfully repay my federal student loan and avoid default?