Repaying Loans

Tips for Repaying Your Student Loans

The U.S. Department of Education has many resources available to help you manage the repayment of your student loans.

They provide information on:

• Finding the right repayment plan
• How to make a payment
• What to do if you can’t afford your payments
• Student loan consolidation
• Student loan forgiveness, cancellation, and discharge
• …and more

Never Pay for Help with Your Student Loans

The Department of Education also cautions graduates about private companies that may contact you or advertise to you with offers to help with your student loans for a fee. You never have to pay for help with your student loans. The U.S.Department of Education and their loan servicers provide help for free.

Check out the Federal Student Aid blog post: ““Avoiding Student Aid Scams””

See SJVC’s blog post: “Beware of student loan scams on Facebook and Instagram”

Four Warning Signs of Debt-Relief Companies

• Pressure to pay high up-front fees
• Promises of immediate loan forgiveness or debt cancellation
• Demands that you sign a“third-party authorization”
• Request for a student’s Federal Student Aid PIN or FSA ID