Know Before You Owe
Your loan debt summary is the total amount of federal loans that you have borrowed for your education. It is important to keep track of this total and to try to keep it as low as possible.
NSLDS
Your total debt summary for federal loans is stored in the National Student Loan Data System (NSLDS). You will need to create an account and log in to the system to see your total debt.
Graduate Loan Exit Presentation Video
If you're graduating, this Loan Exit Presentation will help you understand your repayment options and borrower responsibilities.
Loan Simulator
Understanding how much your loan will actually cost you and the amount of the payment you will be required to make is a key step in determining how much money you should borrow.
Repayment Plans
There are several options available for Federal Direct Student Loan repayment. The following is a sample loan repayment schedule based on Subsidized and Unsubsidized student loan debt totaling $26,946 at a 3.90% interest rate. This example uses the Standard 10 Year Repayment Plan.
| Repayment Plan | First Monthly Payment | Last Monthly Payment | Total Amount Paid | Repayment Period |
|---|---|---|---|---|
| Standard | $272 | $272 | $32,585 | 120 Months |
You can review the Student Loan Repayment website for more information on repayment plans and accessing the Loan Simulator.
Salary Estimates
The U.S. Bureau of Labor Statistics publishes estimated salaries for hundreds of positions and careers around the country.