Repaying student loans can feel like a daunting task, especially if you don’t know where to start. Federal loans offer a variety of repayment plans and even may be eligible for the Public Service Loan Forgiveness Program.
After graduation, you are given a six month grace period before payments begin. This is a great time to update your budget, taking into account your new monthly loan payments.
We've compiled a list of resources to provide you with more information on student loan repayment:
Student Loan Consolidation
Lose the hassle of managing multiple loan payments and give yourself more time to focus on your career. If you have finished school and are looking to simplify your payments, consider combining your student loans into one easy monthly payment.
To qualify, you must be a current member looking to borrow between $7,500 and $150,000. Proof of graduation from an eligible school is required and you must have a record of reliable, steady income of at least $2,000 gross monthly. Consolidation is available for U.S. Citizens and permanent residents.
You are able to consolidate both federal and private loans, but be aware that you may lose certain benefits associated with your federal student loans. Please visit our page with more questions and to apply.