After NWC

Repaying student loans debts can be a substantial challenge for alumni. Handling repayment responsibly can greatly influence your credit rating. Defaulting on student loans can cause you severe credit problems down the road. We urge you to take your student loan repayment responsibilities seriously.

What to do

1. Determine exactly how much student loan debt you have amassed and to whom you will owe payments by using an online loan locator to help you:


2. Estimate your total monthly payment for all of your student loans. If you have several loans with different lenders, be sure to remember that you may be making two or more separate monthly payments to each lender:


3. Consider a Federal Consolidation Loan in order to simplify repayment of multiple loans. Do carefully consider both the advantages and disadvantages of a consolidation loan before making this decision. Be sure to contact your lender for advice.

Loan Benefits for Teachers

Elementary school or secondary school teachers may be eligible for special student loan deferment options and possibly a cancellation of a portion of their student loan debt. Determine whether you qualify for deferment or cancellation by carefully reviewing the eligibility requirements available on the Department of Education web site.