Fast Fact

Roughly, 11% of borrowers are on a repayment plan that considers their income.

Source: The College Board, 2013

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?
To find out, sign in to NSLDS.ed.gov using your federal ID. Keep track of all of your servicers (PDF) and their contact information.

Test Your Knowledge

One out of every seven borrowers falls behind on their student loan payments.

  1. True
  2. False

1. True

This is true. Usually borrowers fall behind on their payments within the first 3 years of repaymentUsually borrowers fall behind on their payments within the first three years of repayment.

Source: Bloomberg BusinessWeek, 2013