1. Student Loan Repayment
You’re Graduating. Now what?

2. Next step Are You . . . Going to grad school Starting a career
Taking time off (NO!!)
Unsure
You Must . . .
Consult loan paperwork/NSLDS
Contact your loan servicer/s
Provide updated address/phone #/
Know your options

3. Graduate School Wabash College Loan Federal Stafford Loans
Loans deferred
Must be enrolled at least half-time
Interest will accrue on unsubsidized loans
Wabash College Loan
Interest will accrue
Contact Wabash w/proof of enrollment
Private Loans
Contact your lender/s for options

4. Career Federal Stafford Loan Private Loans 6 month grace period
Identify Loan Servicer/s
Get loan information
Repayment Options
Standard
Extended
Graduated
Income Based
Loan Consolidation
Complete shortly before repayment is to begin
Private Loans
Contact lender/s for consolidation/repmt options

5. STANDARD REPAYMENT Pay fixed amount per month 10 year term
Repaid in shortest time
STANDARD REPAYMENT

6. EXTENDED REPAYMENT Graduated monthly payment amount Up to 25 year term
Must have >$30k in outstanding FFEL or DL
EXTENDED REPAYMENT

7. GRADUATED REPAYMENT Payments start low and increase every 2 yrs
Up to 10 year term
GRADUATED REPAYMENT

8. Loan Consolidation Available for federal loans Through Direct Loan
Check with lender for private loan options
Apply online, by phone, or paper application

9. Public Service Teachers
Loan Forgiveness

10. Postponing Repayment Contact your loan servicer immediately Deferment
Reenrollment in school
Unemployment
Economic Hardship
Forbearance
Financial Difficulty
If not eligible for deferment
Switch repayment plan
Postponing Repayment

11. Important Web Addresses
studentaid.ed.gov
(loan forgiveness information)

12. QUESTIONS??