{"id":236,"date":"2016-02-16T17:46:08","date_gmt":"2016-02-16T17:46:08","guid":{"rendered":"https:\/\/mitchellhamline.edu\/financial-aid\/?page_id=236"},"modified":"2024-03-04T10:03:31","modified_gmt":"2024-03-04T16:03:31","slug":"direct-loan-information","status":"publish","type":"page","link":"https:\/\/mitchellhamline.edu\/financial-aid\/direct-loan-information\/","title":{"rendered":"Federal Loan Repayment Information Resources"},"content":{"rendered":"<h2>Welcome\u00a0graduates!<\/h2>\n<p>While loan repayment can\u00a0seem complicated and worrisome, we are here to help you understand your options and\u00a0manage successful loan repayment. Remember that choices you make now can affect your later options.\u00a0Understanding your loan details, available repayment options, and forgiveness program requirements will\u00a0help you combine these resources to maximize your benefits.<\/p>\n<h2>Know your loans! Complete required loan program exit interview session<\/h2>\n<p>Graduating students must complete Federal Loan Exit Counseling located on studentloans.gov. This is a no obligation, informational, personalized session designed to\u00a0prepare you to talk with your loan servicer\u00a0about loan repayment options and loan forgiveness programs. Federal loan details are available on the\u00a0National Student Loan Data System (NSLDS)\u00a0and will be reviewed during the exit counseling session. Borrowers with Perkins Loans MUST complete an additional Perkins Loan exit interview.<\/p>\n<li><a href=\"https:\/\/www.studentloans.gov\" target=\"_blank\" rel=\"noopener\">Exit Counseling<\/a>\u00a0(link)<\/li>\n<li><a href=\"https:\/\/nsldsfap.ed.gov\/nslds_SA\/\" target=\"_blank\" rel=\"noopener\">NSLDS website<\/a>\u00a0(link)<\/li>\n<li><a href=\"https:\/\/www.uasexit.com\/\" target=\"_blank\" rel=\"noopener\">Perkins Loan Exit Interview<\/a>\u00a0(link)<\/li>\n<\/ul>\n<h2>Repayment advice from non-federal sources<\/h2>\n<p>These are non-federal websites which provide added information about specific repayment topics.<\/p>\n<ul class=\"default\">\n<li><a href=\"http:\/\/www.ibrinfo.org\/\" target=\"_blank\" rel=\"noopener\">IBRinfo.org<\/a>:\u00a0Register with IBRinfo.org,\u00a0and you will receive update notices about developments to both Income Based Repayment (IBR)\u00a0and\u00a0Public Service Loan Forgiveness (PSLF). No spam. Excellent, accessible loan repayment information and calculators.<\/li>\n<li><a href=\"http:\/\/www.finaid.org\/\" target=\"_blank\" rel=\"noopener\">FinAid<\/a>: A website published by financial aid expert\u2014and financial aid repayment calculator creator\u2014Mark Kantrowitz.\u00a0Find\u00a0loan repayment calculators to help you compare\u00a0repayment scenarios. Read the excellent and important\u00a0section about staying in touch with your loan&#8217;s servicer. Your services have options to keep your loans and credit in good standing even if you can&#8217;t afford to make payments.<\/li>\n<li><a href=\"http:\/\/www.studentloanborrowerassistance.org\" target=\"_blank\" rel=\"noopener\">Student Loan Borrower Assistance<\/a>:\u00a0A program of the National Consumer Law Center. Provides information and self-help tools to inform you of resources and courses of action.\u00a0Well written!<\/li>\n<li><a href=\"http:\/\/askheatherjarvis.com\/\" target=\"_blank\" rel=\"noopener\">Ask Heather Jarvis<\/a>\u00a0\/<a href=\"http:\/\/www.gladvisor.com\/\" target=\"_blank\" rel=\"noopener\">GL Advisors<\/a>: Ask Heather Jarvis is\u00a0maintained by Heather Jarvis, formerly of Equal Justice Works.\u00a0 Heather\u00a0consults with GL Advisors and maintains up-to-the-minute understanding about federal student loan repayment developments. Heather&#8217;s webinars emphasize the\u00a0importance of\u00a0combining\u00a0Income Based Repayment with Public Service Loan Forgiveness to maximize\u00a0your repayment benefits. Understand this combination to maximize your loan forgiveness.<\/li>\n<li><a href=\"http:\/\/www.lrapmn.org\/\" target=\"_blank\" rel=\"noopener\">Minnesota Loan Repayment Assistance Program<\/a> (LRAPMN): Provides payment assistance once you have established your repayment method.<\/li>\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/repayment\/plans\" target=\"_blank\" rel=\"noopener\">Know Your Repayment Options!<\/a><\/li>\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/forgiveness-cancellation\" target=\"_blank\" rel=\"noopener\">Know Your Loan Forgiveness Programs!<\/a><\/li>\n<li><a href=\"https:\/\/studentaid.gov\/articles\/6-things-to-know-about-pslf-during-coronavirus\/\">Public Service Loan Forgiveness: 6 Things To Know During Covid<\/a><\/li>\n<\/ul>\n<h2>Department of Education<\/h2>\n<p>The Department of Education websites listed below provide\u00a0important program details that are critical\u00a0to\u00a0making your initial choices about repayment options.<\/p>\n<ul class=\"default\">\n<li><a style=\"line-height: 1.714285714;font-size: 1rem\" href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noopener\">Department of Education Student Aid<\/a><\/li>\n<li><a style=\"line-height: 1.714285714;font-size: 1rem\" href=\"https:\/\/studentloans.gov\/myDirectLoan\/index.action\" target=\"_blank\" rel=\"noopener\">Direct Loan Program Information and Promissory Notes<\/a><\/li>\n<li><a style=\"line-height: 1.714285714;font-size: 1rem\" href=\"https:\/\/studentaid.gov\/manage-loans\/forgiveness-cancellation\/public-service\" target=\"_blank\" rel=\"noopener\">Public Service Loan Forgiveness<\/a><\/li>\n<li><a style=\"line-height: 1.714285714;font-size: 1rem\" href=\"https:\/\/studentaid.gov\/manage-loans\/repayment\/plans\/income-driven\" target=\"_blank\" rel=\"noopener\">Direct Loan Repayment Options\u00a0including Income Based Repayment<\/a><\/li>\n<li><a style=\"line-height: 1.714285714;font-size: 1rem\" href=\"https:\/\/studentaid.gov\/app\/launchConsolidation.action\" target=\"_blank\" rel=\"noopener\">DOE Loan Consolidation Website<\/a><span style=\"line-height: 1.714285714;font-size: 1rem\">\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<h2>Non-federal Bar Study Loans<\/h2>\n<p>Graduates\u00a0seeking additional loan funds can consider\u00a0a\u00a0Bar Study Loan. We provide a sample of lenders on the <a href=\"https:\/\/choice.fastproducts.org\/FastChoice\/home\/239100\" target=\"_blank\" rel=\"noopener\">FastChoice <\/a>web location. Bar Study Loans are private loans that are used to fund bar prep courses and living expenses after graduation, but before the bar exam. Before borroing a Bar Study loan, check with the Financial Aid Office before graduation to ensure there is no remaining federal loan eligibility. Bar Study Loans are subject to credit qualification, and the terms of the loan are set by the lender. Non-federal loans cannot be consolidated with federal student loans, cannot be included in federal income-based repayment programs, and cannot be included in federal loan forgiveness programs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome\u00a0graduates! While loan repayment can\u00a0seem complicated and worrisome, we are here to help you understand your options and\u00a0manage successful loan repayment. Remember that choices you make now can affect your later options.\u00a0Understanding your loan details, available repayment options, and forgiveness program requirements will\u00a0help you combine these resources to maximize your benefits. Know your loans! Complete &hellip; <\/p>\n<p><a href=\"https:\/\/mitchellhamline.edu\/financial-aid\/direct-loan-information\/\" class=\"more-link\">Federal Loan Repayment Information Resources<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"class_list":{"0":"post-236","1":"page","2":"type-page","3":"status-publish","5":"entry"},"acf":[],"_links":{"self":[{"href":"https:\/\/mitchellhamline.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mitchellhamline.edu\/financial-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mitchellhamline.edu\/financial-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mitchellhamline.edu\/financial-aid\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mitchellhamline.edu\/financial-aid\/wp-json\/wp\/v2\/comments?post=236"}],"version-history":[{"count":0,"href":"https:\/\/mitchellhamline.edu\/financial-aid\/wp-json\/wp\/v2\/pages\/236\/revisions"}],"wp:attachment":[{"href":"https:\/\/mitchellhamline.edu\/financial-aid\/wp-json\/wp\/v2\/media?parent=236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}