Resources

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Resources for Federal Aid  |  Resources for State Aid | Additional Resources

Resources for Federal Aid

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Resources for State Aid

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Additional Resources for Military Personnel

 

Repayment Tips
  • Know your lender. Your loan servicer is the company that manages your loans and handles your repayment plan and is the organization to whom you make payments. Find your servicer's name and contact information on the National Student Loan Data System (NSLDS). Be aware that your loan servicer can change from time to time, and it is your responsibility to be aware of those changes. If you have borrowed more than one loan and have not consolidated your loans, it is possible to have more than one servicer.

  • Consider granting power of attorney to an individual you trust to allow him or her to manage your financial matters, including your student loans. The person to whom you give power of attorney can sign documents and act on your behalf. The legal assistance office on your military base can assist with establishing power of attorney. As an alternative, you can provide your loan servicer with the name of the person you approve to receive information about your loan(s).

  • Establish an account on your servicer's website, which will allow you to view information about your student loan and make payments online.

  • Provide your loan servicer with your current contact information, including an e-mail address, to ease communication.

  • Make interest payments, even if military deferment is available to you. This will keep your balance from increasing and could save you money in the long run.

  • Review your repayment options. Repayment plans based on income may provide a better outcome for federal student loans, as you may qualify for a low payment and loan forgiveness.

  • Sign up for automatic payments to help keep your loan in good standing.

  • Place an active duty alert on your credit report to reduce the risk that you'll become a victim of identity theft.