Student loans

You can view your FAFSA issued federal student loans at StudentAid.gov by logging in with your FSA ID username and password information. You should contact your servicer listed on your Federal Student Aid report or log into their website to access specific information about the loans you have.

Your private loans will not be included in this StudentAid.gov list. If you are not sure who your lender is, you can get your free credit report from www.annualcreditreport.com which will list all of your creditors including any private lenders. To view Parent PLUS loans requires logging in with the parent's FSA ID username and password information.

The Office of Financial Assistance is required to have every student complete exit counseling. It is used to educate borrowers on their rights and responsibilities and provide information to enable them to determine which repayment option best fits their individual financial needs. It will take approximately 30-40 minutes to complete and is a good starting point for understanding your repayment options.

See the repayment options for federal direct loans. Repayment options for federal loans include income-driven repayment methods such as Income-Based Repayment (IBR) and Pay As You Earn (PAYE) and Revised Pay As You Earn (REPAYE) plans. Federal Family Education Loans (FFEL) and private loans will have different repayment options and you should contact the servicer or lender for those available options.

Sign in to use the Loan Simulator on StudentAid.gov to see your specific federal loan balances, the estimated monthly payments, and the total interest paid for each payment plan option.

After running one of the above calculators to estimate your student loan repayment amount, simply fill out our student loan repayment form to see how your student loan payment will fit into your monthly budget. The end result will let you know how much money you can allocate toward other monthly expenses.

Learn more about traditional direct loan consolidation to see if it's the right choice for you with regard to your federal student loans. In certain circumstances, consolidation may not be your best option. Also check with your existing loan holder or servicer to determine consolidation options that are available and the consequences of consolidating each of your loans.

By law Kansas State cannot recommend a specific private lender, but does have a helpful tool you can use to search and compare private loan and international student loan options called FastChoice. If students have exhausted all federal, state, and institutional forms of financial aid eligibility, but are still in need of additional financial resources to help meet their educational costs, then a private loan may represent a viable option.

Eligibility for a private loan is generally premised on the student's and/or co-signer's credit worthiness. If students are approved for a private loan by a private loan provider, they may be eligible to receive up to their total cost of education for the loan period minus any other financial aid they are eligible to receive.

If students wish to borrow a private loan, it is their responsibility to choose the private loan they wish to borrow and begin the application process.

You can find a helpful list of the types of forgiveness, cancellation and discharge options available on the Federal Student Aid website.

Some loan forgiveness programs include but are not limited to:

• Performing public service work - Use the Department of Education's helpful tool to determine if you might be eligible for Public Service Loan Forgiveness and review this flowchart for a quick overview (if you have issues viewing this interactive PDF use Chrome as your browser)
• Performing military service
• Teaching in certain types of communities
• Practicing medicine in certain types of communities

To find out whether you qualify, talk to the human resources staff at your employer to verify that your employment qualifies and talk to your loan servicer to ask about eligibility and to apply for loan forgiveness, cancellation or discharge.

NOTE: some, but not all, loan forgiveness is excluded from income – consult with your tax advisor.

Volunteer organizations also may offer loan forgiveness including programs such as:

• AmeriCorps
• Peace Corps
• Volunteers in Service to America (VISTA)