Okay, so far you've learned how to identify your spending habits, how to create and maintain a personal budget and the keys to securing good credit.  Now it’s time to begin thinking about loan repayment.  Even though graduation is far off, it is important for you to start researching your repayment options now.

Learn the options available when you begin to repay your student loans.  Decisions on how you will repay your loan debt need to be made quickly after graduation.  We want you to start doing the research now so that you can ask the appropriate questions to your lender when the time comes.

Below you will find information regarding the Federal loan repayment program:

• Review your outstanding loan debt on NSLDS
• Attend the Real Cost of Loans Seminar
• Review Repayment Plans available to students
• Investigate Loan Repayment/Forgiveness Programs offered by state and other agencies
• Read the Federal guide to paying back your student loans
• Learn about Deferment and Forbearance options
• Learn about Loan Consolidation
• How will your salary impact your loan repayment?  
• What happens if you can't repay?  You do not want to default.  Contact finaid@neoucom.edu if you need assistance with determining available options that may temporarily suspend your loan repayment. 

Below are interactive online calculators that will offer further assistance as you identify your loan repayment plan.

• Loan Repayment Calculator
• Loan Consolidation Calculator
• Economic Hardship Deferment Calculator

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