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:: Repaying Your Loans ::

Repaying your student loan is an important responsibility. To help you manage repayment, we offer numerous resources and helpful information about your rights and responsibilities as a borrower and the repayment options that are available to you.

Take charge of your student loan. Know what you owe by checking out the National Student Loan Data System (NSLDS)(external link)  and then visit our OKMM website(external link)  to learn about managing your personal finances!

Ask the Expert: What Should I Know About Upcoming Loan Changes?

Several changes to student eligibility for Title IV aid and to student loan terms are scheduled to take effect on July 1, 2012, as a result of various legislation enacted as far back as 2007. Read more about student loan changes

What You Need to Know About Loan Servicers

While in repayment, your loan could be transferred to a different servicer, similar to how your mortgage can be bought and sold by various lenders. This change can create confusion and concern, especially when you're contacted by a company of which you've never been a customer. Mapping Your Future, an industry partner of OCAP, has a new resource to help you understand the role of your student loan servicer, why your loan was transferred and who you can contact if you're having trouble with your new servicer. If your loan has been transferred to a new servicer, their new Web page can be a great resource to help you stay on track and avoid delinquency or default.

Special Loan Consolidation Program

Recently, the White House and the U.S. Department of Education (ED) announced a Special Direct Loan Consolidation Program to assist borrowers with establishing one payment to one lender at a discounted interest rate. Learn more about the Special Loan Consolidation Program by visiting a Q&A page (external link)  developed by the National Council of Higher Education Loan Programs, or through ED's Special Direct Consolidation Loans Web page. (external link)  Don't qualify? Visit our loan consolidation Web page to determine if you could be eligible for another consolidation program.

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:: Helpful Info ::