The National Student Loan Data System (NSLDS) provides a summary of all of your federal student loans. To retrieve your federal loan information, visit the NSLDS website. You will need your 4-digit federal Personal Identification Number (PIN) to retrieve the data. This is the same PIN that you used to sign your FAFSA.
Repayment of your federal student loan begins 6 months after you graduate, withdraw, or enroll less than half-time (6 credits). Minimum monthly payments of $50 are made to the lender and may increase depending on the total amount borrowed. A Loan Repayment Calculator can help you determine how much interest you will pay and what your monthly payments will be based on the amount that you borrowed.
At times, personal situations may make it difficult for students to repay their student loan. In such cases, you may want to consider loan consolidation to combine or possibly reduce your monthly loan payments. Or you may be eligible to postpone repayment for a specific period of time. To inquire about postponing repayment options, contact your loan servicer regarding eligibility and required forms. You may find your loan servicer on the National Student Loan Data System (NSLDS).
The Income Based Repayment (IBR) Plan is available to borrowers of federal student loans in both the Direct Loan and Federal Family Education Loan (FFEL) programs. The IBR Plan helps borrowers keep their loan payments affordable with payment caps based on their income and family size. The IBR Plan does not apply to PLUS loans made to parent borrowers.
Additional information on loan repayment may be found at the Federal Student Aid website.
You may be eligible to have a portion of your federal student loans forgiven, depending on the career you enter.
St. Cloud State University is an affirmative action/equal opportunity educator and employer.
St. Cloud State University is a member of the Minnesota State Colleges and Universities system.
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