Loan Repayment

Federal Student Aid has provided a short video with information about what to expect when entering repayment.


To view the total amount of federal loans that you have borrowed, you can go to and log in to view the breakdown of subsidized, unsubsidized, and total loan amounts borrowed, as well as the Loan Servicer assigned. You will want to contact the servicer listed, to discuss the various repayment options offered, and select the one that is best for you.

You can also go to the Repayment Estimator on to get an idea of the various options available, and what the current and future payments would entail.

Repayment Facts

  • There are various repayment plans available. You can discuss your options with your loan servicer.
  • When you enter repayment, you will be asked to select a repayment plan. If you do not choose a repayment plan, you will be placed into a standard repayment plan which pays off your loans in 10 years.
  • You can contact your loan servicer to switch repayment plan at any time.
  • You can select your payments to be based off of your income, by utilizing an income-driven repayment plan.


Loan Repayment Estimator

Balance at Repayment


Monthly Payment*


Monthly Payment*


Monthly Payment*


Monthly Payment*

$5,000 $52 $53 $58 $67
$10,000 $103 $106 $116 $135
$20,000 $207 $212 $232 $270
$40,000 $414 $424 $464 $540

* Monthly payment rate is based on a 10-year (120 month) plan