Fast Fact

Roughly, 30% of borrowers are on a repayment plan that considers their income.

Source: The College Board, 2019

Trouble Paying

You CAN find a solution if you can't pay.

If you can't afford your student loan payments, don't wait until you fall behind to seek assistance. Late or missed payments stay on your credit history for up to 7 years.

Simple solutions are available:

Take steps to avoid these financial situations:

Helpful Hint

Don't know who services your federal loans?
Sign in to StudentAid.gov to find out. Keep track of all of your servicers (PDF) and their contact information.

Test Your Knowledge

Two out of every ten borrowers falls behind on their student loan payments.

  1. True
  2. False

1. True

This is true. Nearly 11% of all student loan debt was a minimum of 90 days delinquent.

Source: Investopedia, 2019