Loan Repayment Steps

1. Identify Your Student Loans

Federal Student Loans - Sign in to the National Student Loan Data System (NSLDS) to view the federal loans that you have borrowed.
Private Student Loans - Log in to MyNMU -> Financial Aid - Information -> Award -> Award History.  You will see the name and amount of each private loan that you have borrowed.

2. Complete Exit Counseling

Direct Loan Exit Counseling is completed on-line at www.studentloans.gov.  After logging in choose Complete Counseling then Exit Counseling.
Perkins Loan Exit Counseling may be completed on-line at www.uasexit.com.  If you have questions about Perkins Loan Exit Counseling call 906-227-1428.

3. Determine Your Federal Loan Servicer

The Direct Loan Exit Counseling confirmation page provides students with name of the federal loan servicer.  You may also view your servicer's contact information on NSLDS. 

Federal Loan Servicer

Contact

Aspire 

1-855-475-3335

Cornerstone Education Loan Services

1-800-663-1662

ESA/EdFinancial Services

1-855-337-6884

FedLoan Servicing (PHEAA)

1-800-699-2908

Granite State Management and Resources

1-888-556-0022

Great Lakes Educational Loan Services

1-800-236-4300

MOHELA

1-888-866-4352

Nelnet

1-888-486-4722

OSLA Servicing

1-866-264-9762

NAVIENT

1-800-722-1300

VSAC Federal Loans

1-888-932-5626

Perkins Loans

1-906-227-1428

Department of Education - Federal Student Aid 1-800-433-3243

 

4.  Create an Account on Your Servicer's Website.

Find out when your grace period ends.
Find out when your first payment is due.
Determine your monthly payment amount.

5. Choose a Federal Student Loan Repayment Plan.

You may choose from the following repayment plans.  Be sure to review the terms and conditions of each repayment type and use the Repayment Estimator to calculate the payment plan that works best for you.  Some repayment plans require that you provide proof of your income.  This may be completed with your servicer or on www.studentloans.gov

6.  Setup Repayment of Your Private Student Loans and Perkins Loan
 

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