This guide explains available repayment options for federal student loans so that students can repay their debts successfully. It also tells the steps students should take so that they will not get behind in payments or go into default. It is emphasized that federal student loans are real loans, just like car loans or mortgages, that must be repaid. Repayment is usually delayed for a grace period that depends on the type of loan. How interest is calculated, where to send repayments, and the types of repayment plans for the various kinds of loans are outlined. Repayment options, including consolidation, deferment, and forbearance, are described. Loan discharge and default are discussed, and facts a student should know and remember are summarized. Frequently asked questions and answers are presented. A glossary of important terms is included.
Document Citations
Citations are generated automatically from bibliographic data as a convenience and may not be complete or accurate.
Chicago
Education Resource Information Center, Department of Education.
"ED471498 - Repaying Your Student Loans". Government.
U.S. Department of Education,
January 1, 2002.
https://www.govinfo.gov/app/details/ERIC-ED471498
APA
Education Resource Information Center, Department of Education.
(2002, January 1).
ED471498 - Repaying Your Student Loans.
[Government].
U.S. Department of Education.
https://www.govinfo.gov/app/details/ERIC-ED471498
MLA
Education Resource Information Center, Department of Education.
ED471498 - Repaying Your Student Loans.
U.S. Department of Education,
(1 Jan 2002),
https://www.govinfo.gov/app/details/ERIC-ED471498
Bluebook
Education Resource Information Center, Department of Education, Repaying Your Student Loans, GovInfo, (January 1, 2002),
https://www.govinfo.gov/app/details/ERIC-ED471498
