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Repayment and Loan Consolidation

Federal Student Loan Repayment

Understanding the repayment process for your federal student loans can go a long way toward building a solid financial foundation.

Remember, federal student loans are real loans, just like car loans or mortgages. You must repay a student loan even if your financial circumstances become difficult. Your student loans cannot be canceled because you didn’t get the education or job you expected, or because you didn’t complete your education (unless you couldn’t complete your education because your school closed).

Making Payments
Loan Servicers
Repayment Plans
Loan Consolidation
Deferment and Forbearance
Forgiveness, Cancellation, and Discharge
Understanding Default
Resolving Disputes

Federal Perkins Loan Repayment

If you currently have a Perkins Loan and would like to find out about the exact payment amount, you can find it out online at the website for the CofC Perkins Loan Servicer-ECSI. Any questions regarding your Federal Perkins Loan should be directed to Glenna Magee in the Treasurer's Office.

Consolidation Loans

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal student loans into one loan. The result is a single monthly payment instead of multiple payments.

Should I consolidate my loans?
What types of loans can be consolidated?
When can I consolidate my loans?
What are the requirements to consolidate a loan?
How do I apply for a Direct Consolidation Loan?
When do I begin repayment?
Are there different repayment plans?
Consolidation Checklist 


Additional information about consolidation loans may be found in the consolidation loan and private consolidation loan sections of "FinAid.org". Including a list of lenders that provide consolidation loans and a basic comparison chart that highlights the loan discounts offered by each lender. Only consolidators that offer loan discounts are included in this list. You may choose any lender that is right for you.