Loan Repayment Issues/Options for Graduating Students

Loan Repayment Issues/Options for Graduating Students

Below are websites to inform you of loan repayment issues/options for your Federal Loans (Stafford, Perkins, and Graduate PLUS).  If you have borrowed Private Educational Alternative Loans, contact your lender for more information on repayment issues/options for those loans.


  • Loan Tracking - Knowing who you have borrowed your federal student loans through is critical in shaping your financial future.  Often time’s students need help managing their federal student loans; because of this we recommend that you visit the National Student Loan Data System (NSLDS) Student Access website (  NSLDS provides a central database for student aid and allows students access to view information from schools, guaranty agencies, the Direct Loan program, as well as other programs; which is a valuable tool in managing your federal student loan information.  You will need your FSA ID to access the website.  If you do not have a FSA ID or cannot remember it, please see  Managing your debt is your responsibility, and the NSLDS website is a critical tool in assisting you.  Keeping track of your financial obligations allows you to create a better financial future.  Click Here for More Information
  • Deferments/Forbearance - Student loan deferment is an authorized temporary suspension of repayment that is granted under certain circumstances.  A deferment may be automatically applied on your behalf, but in most cases, you must apply, meet the qualifications, and make arrangements with the servicer of your loans to receive deferment.  Student loan forbearance is an authorized temporary suspension of repayment that is granted under certain circumstances.  Forbearance differs from deferment in that most forms of forbearance are offered at the discretion of the lender or owner of your loans.  Click Here for More Information
  • Loan Consolidation - Borrowers with several federal loan programs may be able to obtain a Federal Consolidation Loan that combines all federal loan payments into a single monthly payment.  Please note Private Educational Alternative Loans may not be consolidated into a Federal Consolidation Loan.  Consolidated monthly payments may be lower than the combination of individual payments, and the repayment period can usually be extended.  Consolidated loans may help borrowers avoid delinquent or default situations.   Click Here for More Information or call 1-800-557-7392.
  • Loan Forgiveness - Loan forgiveness programs encourage students to pursue educational goals that will lead to employment in specific occupations by forgiving part or all of your educational loan debt, provided you fulfill certain work-related requirements.  Loan "forgiveness" does not magically erase debt.  It is a program through which an organization or company makes a payment on your loan account on your behalf (if you meet certain requirements).  Click Here for More Information
  • Loan Calculator - This loan payment calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty.  Click Here for More Information

Bloomsburg University students have developed an outstanding track record with regard to repayment of student loans.  It is important for you to understand that help is always available if you find yourself in a situation that could cause you to default.  If you have questions concerning repayment of your student loans, contact your lender, the guarantee agency (AES/PHEAA, NJHEAA, etc.), or our office.


Please remember that recipients of a federal loan (Direct Student/Stafford or Grad PLUS) must complete online Loan Exit Counseling.  Recipients of the Federal Perkins Loan must arrange for an exit interview through the Business Office, Waller Administration Building, (570)389-4588, prior to graduation.


DISCLAIMER:  These sites are provided to give you additional information with regards to financial aid. This Website contains links to other related World Wide Web Internet sites and resources. Bloomsburg University assumes no responsibility and/or liability for any errors or omissions in the materials or information contained in these other links.