Tips for Repaying Your Loans

The U.S. Department of Education has many resources available to help you manage the repayment of your student loans.

They provide information on:

Never Pay for Help with Your Student Loans

The Department of Education also cautions graduates about private companies that may contact you or advertise to you with offers to help with your student loans for a fee. You never have to pay for help with your student loans. The U.S. Department of Education and their loan servicers provide help for free.

Four Warning Signs of Debt-Relief Companies

  • Pressure to pay high up-front fees
  • PromisesĀ of immediate loan forgiveness or debt cancellation
  • Demands that you sign a “third-party authorization”
  • Request for a student’s Federal Student Aid PIN or FSA ID

Hear more about debt-relief scams from former Secretary Arne Duncan