Make sure you can calculate an estimate of your monthly loan payments.
Use the Consumer Financial Protection Bureau’s Student Debt Repayment Assistant to guide you through your federal, state, and private loan repayment options.
Prepare for Student Loan Repayment
As the COVID-era federal student loan repayment pause ends, the news about loan forgiveness and payments resuming has been complex and confusing. Be sure you understand your repayment obligations and options.
Frequently Asked Questions
Federal Student Aid offers resources for borrowers as federal student loan repayment begins:
Get Help with Your Federal, State, and Private Loans
Private Education Loans
Refer to the documentation provided by your lender when your loan was approved for information about repayment terms and borrower benefits.
Consider using CREDIBLE’s free comparison tool to see what student loan refinancing rate you would get from up to 13 lenders without affecting your credit score.
Carefully consider the pros and cons of consolidating federal student loans into a private consolidation loan before electing to consolidate, as this can often result in the loss of federal loan benefits.
Contact your private lender for help with repayment questions.
Massachusetts No Interest Loan
Information about Massachusetts No Interest Loan Repayment at ECSI, the Massachusetts No Interest Loan Servicer
As a “zero percent interest” loan, consolidation of this loan with other education loans is not recommended as it would always result in higher interest charges for the student.
Contact ECSI, the Massachusetts No Interest Loan servicer at 888-549-3274 for help with repayment questions.
Not sure what type of loans you have or how much you borrowed?
Contact the Massachusetts No Interest Loan program at 617-391-6070. Contact other state loan programs via the higher education department of your state government.
Private Loans
Contact your private lender via the contact information provided when your loan was approved.
Use the Consumer Financial Protection Bureau’s Student Debt Repayment Assistant to guide you through your federal, state, and private loan repayment options.
Use TISLA (The Institute of Student Loan Advisors) for free expert student loan repayment advice and dispute resolution.
