Loan Repayment Overview

Borrowing money for school is a serious, long-term, financial obligation. We want to insure that all borrowers learn how to handle their finances so that they are in a position to repay their loan debts after they leave Loyola

Before You Borrow

• Responsible Borrowing 
  • Glossary of Important Terms
  • Plan for Repayment

At Graduation

• Exit Counseling Requirement
• Locate/Repay Your Federal Student Loan
• Loan Repayment Options (Undergraduate)
• Loan Repayment Options (Graduates)
• Federal Consolidation Loan
  • Special Direct Consolidation Loan Program (January-June 2012)

During Repayment

• NEW: Income Based Repayment and Public Service Loan Forgiveness Programs
• Resources for Borrowers Having Difficulty Repaying their loans
• Federal Student Loan Cohort Default Rates (General Overview)
  • Avoid Defaulting on A Federal Student Loan (Student Information)
    • Your Credit Score - Why is it so important?
  • Cohort Default Rate Statistics and Additional References

Updated May 4, 2012