Alumni

Repaying your loans

Repaying educational loans can be a significant challenge, and how you handle your repayment can greatly impact your credit rating. Just as responsible repayment habits can help you to build excellent credit; defaulting on student loans can make it very difficult to make major purchases such as a car or home. For these reasons, we urge you to take your student loan repayment seriously.

Helpful Tools

• National Student Loan Data System. First determine how much loan debt you have accumulated and who you will make payments to. Use the National Student Loan Data System to track your federal student loans.
• College Board Online Calculator. Next, use an online calculator like that provided by the College Board to compute the estimated payments for all your loans. Mind that you may need to make separate payments to different agencies each month.
• Loan Repayment. Finally, be sure to review our Loan Repayment section for further information about consolidation loans and loan forgiveness/cancellation.