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Loan Repayment Guide

Important Reminders for Borrowers of Federal Student Loans

The U.S. Department of Education has recently resumed federal student loan collections which were paused in March 2020 due to COVID-19.  As repayment resumes, it is important to stay informed and take action. Here are three important reminders:

  • Repay Your Student Loans - If you borrowed student loans, you are obligated to repay the debt. It is important to repay the debt to avoid any negative consequences, such as being placed in collections, having your wages or other payments garnished, or seeing your credit score decline. Unless your loans are in a deferment or forbearance status, you are obligated to make payments.

  • Review Repayment Options - You may have some options available to you when it comes to repaying your student loan debt. Plans are available that will allow you to repay your debt based on your income. Use the StudentAid.gov Loan Simulator to find the best repayment strategy.

  • Log Into Your Studentaid.gov Account - Log into your account at StudentAid.gov to make sure that your contact information is accurate and to determine the status of your student loans. Your account will also have the name and contact information of your student loan servicer. Contact your servicer if you have any questions or need to switch repayment plans.

We're Here to Help!

Our goal is to help you avoid early mistakes that could lead to negative consequences, such as non-payment defaults. As always, contact the Office of Student Financial Aid with any questions to help you through the process.

Contact

Office of Financial Aid

Canes Central

229-928-1378 phone
229-931-2061 fax
finaid@gsw.edu

Monday - Friday 8:00 am - 5:00 pm