Repaying Your Loans
Perry Tech’s Financial Aid Department is here to help you understand the financial aid process, loan repayment, and the options available to you. Financial aid is available to those who qualify.
Structuring a Repayment Plan
When you begin repaying your student loans, you are automatically placed on the Standard Repayment Plan, which divides your balance into fixed monthly payments over 10 years. However, you can change your repayment plan to better fit your financial situation.
There are several repayment options available, including income-driven plans that base your payment on your income and family size. To explore or change your repayment plan, visit studentaid.gov.
If you’re having trouble making payments, you may qualify for deferment or forbearance, which allows you to temporarily pause or reduce your payments. Learn more at studentaid.gov/deferment-forbearance.
Do you need a Record of Your Loans?
You can view your complete federal student loan history by logging in to your account at studentaid.gov. This portal provides:
- A list of all your federal student loans and grants.
- The names and contact information of your loan servicers.
- Your current balances, interest rates, and repayment status.
- Access to repayment plan details and forgiveness program information.
Having this information helps you track your borrowing, stay current on payments, and make informed decisions about your repayment options.
