Federal Loans<\/strong> Private Loans<\/strong> Once you know how much you owe, you can look at options to repay your loans. If you do not sign up for a repayment plan, you will automatically be enrolled in the standard repayment plan. To change your plan you will need to contact your servicer or sign up for a plan through your FSA account.<\/p>\n Review the different repayment options<\/a>.<\/strong><\/p>\n Use the Loan Repayment Calculator<\/a> to determine your monthly payments on different plans<\/strong><\/p>\n Let your servicer know if your name, address, or phone number changes.\u00a0 If your financial circumstances change, you may want to switch into a different repayment plan.\u00a0 If you are worried that you might have trouble making your payments, contact your servicer(s) as soon as possible.\u00a0 You may be eligible to postpone (defer) your payments for a given period of time.\u00a0 You may be eligible for a forbearance as well (temporarily lower or suspend your payments).\u00a0 These options are available only if you are current on your loan. Get help before it is too late.<\/p>\n Depending on your future career you may be eligible for loan forgiveness.\u00a0 Details of this program can be found by visiting: studentaid.gov<\/a>.\u00a0 Two specific programs are the Direct Loan Forgiveness Program<\/strong> for Teachers and the Public Service Loan Forgiveness<\/strong>.<\/p>\n <\/p>\n Loan consolidation can be a useful tool to get a handle on your federal loans but it is not right for everyone.\u00a0 Make sure you understand the benefits and downfalls of consolidation before you go that route.\u00a0 Visit: studentaid.gov<\/a> to learn more about consolidation as well as use the online calculator to determine what your monthly payments will be.<\/p>\n","protected":false},"excerpt":{"rendered":" Repaying College Debt Step 1: Know who you owe Federal Loans You can find all of your outstanding federal loans by visiting the Federal Student Aid (FSA) website. Visit FSA to view your loan information and your loan lender. Visit your own lender to track your federal loans until they are paid in full, allowing …<\/p>\n","protected":false},"author":203,"featured_media":0,"parent":38859,"menu_order":6,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-39164","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/39164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/users\/203"}],"replies":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/comments?post=39164"}],"version-history":[{"count":30,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/39164\/revisions"}],"predecessor-version":[{"id":41152,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/39164\/revisions\/41152"}],"up":[{"embeddable":true,"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/pages\/38859"}],"wp:attachment":[{"href":"https:\/\/www.augsburg.edu\/studentfinancial\/wp-json\/wp\/v2\/media?parent=39164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nYou can find all of your outstanding federal loans by visiting the Federal Student Aid (FSA) website. Visit FSA to view your loan information and your loan lender. Visit your own lender to track your federal loans until they are paid in full, allowing you to see exactly how much you owe.<\/p>\n
\nThere is no data base for your private loans. If you are unsure of who you owe you can receive a free copy of your credit report at www.annualcreditreport.com<\/a>. This will allow you to see how much you owe and to whom.<\/p>\nStep 2: Select Your Repayment Plan<\/h3>\n
Step 3: Stay in Contact<\/h3>\n
Step 4: Consider Loan Forgiveness Options<\/h3>\n
*Loan Consolidation<\/h4>\n