Loans are a reality for most students but repayment doesn’t have to be a burden. Tools exist to assist you in keeping track of borrowing and managing repayment. The National Student Loan Data System (NSLDS) houses all of your federal loan borrowing history, including PLUS Loans, Perkins Loans and Direct Loans. We highly recommend that you regularly monitor your loan history so there are no surprises when it comes time to begin repayment.
To make your payments more affordable, repayment plans can give you more time to repay your loans or may be based on your income. Contact your loan servicer for helpful guidance on the right plan for you and to review or change your repayment plan.
Also, some organizations specific to your major will offer debt management resources. For instance, the American Physical Therapy Association (APTA) features a resource page for its members. Go to www.apta.org/DebtManagement for more information.