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Your Student Loans
Outstanding Student Loan Balance:
$0
You are responsible for repaying all loans you receive, even if you do not graduate!
Enter your student loan information below:
Remember, if you sign in, we will display your current loan information available in NSLDS.
Additional Loans
$0
The listing above does not include your private student loans and may not reflect all your federal student loans. You may add any student loans not listed.
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* Representative example assuming Federal Direct Stafford Loans at 6.8% interest using a standard 10 year repayment plan. Loan fee=1%.
Student Loan - Money you borrow for school and must repay with interest.
Principal - The loan amount plus any capitalized interest added to the loan.
Interest - The cost to borrow money. Interest is calculated as a percentage of the outstanding (unpaid) principal balance.
Capitalized Interest - Unpaid interest that has been added to the principal balance of a loan. Future interest is charged on the increased principal balance.
Loan Servicer - An organization that manages the loan, provides customer service, and collects loan payments on behalf of the loan holder.
Loan Fee - A charge that occurs each time money is disbursed (paid out) to the borrower. The loan fee is charged as a percentage of the disbursement (gross), and reduces the actual amount received (net).
Loan Term - The time period over which you must repay the loan. The standard loan term for federal student loans is up to 10 years.
Disbursement - A portion of a loan that is paid out from the school to the borrower by applying the funds to the student's account at the school or paying the borrower directly. Loans are paid out in one or more disbursements.
Repayment - To pay back money you borrowed by making scheduled payments to a loan servicer.
Remember!
FAFSA is free! There is no need to pay for completing the Free Application for Federal Student Aid (FAFSA). Go to the FAFSA site to complete an application or forecast your eligibility for aid for FREE!
Finance your education with free money first. You don't have to repay grants, scholarships or work-study.
Your financial aid office determines your eligibility for each type of federal student aid, based on the Free Application for Federal Student Aid (FAFSA)
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1. Apply for Grants and Scholarships
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2. Work Part Time
- Explore job opportunities on or off campus.
- Explore work-study programs, including Federal Work-Study offered at your school. Contact your financial aid office.
- Balance work hours with your studies.
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3. Borrow Only What You Need
- You don't have to accept the full loan amount offered. You may request and borrow a lower amount.
- If you're eligible, take advantage of federal subsidized loans. The government pays the interest while you are in school.
- Choose loans with the lowest interest rates. Check with your school's financial aid office for low interest loans.
Federal Student Loans
The most common federal student loans are shown below. You may be eligible for other federal loans.
For a list of all federal aid programs and loans, visit "Get Money for College" on Student Aid on the Web.
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Subsidized |
Unsubsidized |
PLUS |
Perkins |
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Who may receive this loan?
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Undergraduate students with financial need
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All students
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Graduate or professional students, and parents of undergraduate students
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Undergraduate and graduate students with exceptional financial need
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What is the Current Interest Rate?
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3.4%
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6.8%
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7.9%
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5.0%
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When does the government pay my interest?
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- While you are enrolled at least half-time
- In some cases, for 6 months after you graduate or drop below half-time enrollment
- Deferment periods
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You pay all interest charged over the course of your loan term.
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You pay all interest charged over the course of your loan term.
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- While you are enrolled at least half-time
- For 9 months after you graduate or drop below half-time enrollment
- Deferment periods
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When do I Begin Repayment?
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6 months after you graduate or drop below half-time enrollment
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6 months after you graduate or drop below half-time enrollment
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Immediately, but can defer repayment until 6 months after you graduate or drop below half-time enrollment
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9 months after you graduate or drop below half-time enrollment
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Private Loans
Did you know...
The interest rate (APR) you are charged on private loans will vary based on the Prime or LIBOR market interest rates. This means your monthly payment will change based on the current rates.
These terms and concepts will also apply to other loans like car loans, mortgages, and lines of credit.
If you're considering student loans offered by private lenders such as banks or credit unions, please discuss the pros and cons with your financial aid administrator before applying. Remember, there are important differences between federal and private student loans:
- Interest rates - Interest rates for private student loans are usually higher than those for federal student loans and are generally not fixed.
- Loan fees - Private lenders may charge additional fees such as origination fees, monthly service charges, or late fees.
- Eligibility - In general, private student loans have stricter eligibility requirements. Lenders may require a good credit score and a co-signer.
- Repayment Plans - Private lenders may not offer repayment plans that are as flexible as those offered for federal student loans, such as income-based or extended payment plans.
