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Understanding Repayment

When it comes to repaying your federal student loan, there is much to consider. Understanding the details of repayment can save you time and money. Use the Federal Student Aid website to find out when repayment starts, how to make your payment, repayment plan options, what to do if you have trouble making payments and more.

Guide to Repaying Your Loans

Direct Consolidation Loan Information

1-800-557-7394/TTy users can call 1-800-557-7395

Loan Consolidation


Financial Literacy/Default Prevention

Student loans consist of money you borrow which must be repaid in order to avoid default. Learn more about Understanding Delinquency and Default.

It’s important to understand that a loan is a legal obligation that you will be responsible for repaying with interest. You may not have to begin repaying your federal student loans right away, but you don’t have to wait to understand your responsibilities as a borrower.

When making the decision to borrow, make sure you fully understand the implications of borrowing student loans, and borrow only the amount necessary to cover your educational expenses. Bure sure to read the information about Federal Student Loans.

If you decided to borrow federal student loans follow these tips:

  1. Know what you owe:
  2. Sign up online with your loan servicer(s)
  3. Choose the right repayment plan for you
  4. Keep in touch with OneStop and your student loan servicer
  5. Contact FIU's Default Prevention team at


Exit Counseling

Exit counseling is required when you graduate, leave school or drop below half-time enrollment. Exit counseling provides important information you need to prepare to repay your federal student loan(s). You will need to provide the name, address, email address, and telephone number for your closest living relative; two references who live in the U.S.; and current or expected employer (if known).

Log in to using your FSA ID

  • Select "Complete Counseling" on the left-hand navigation bar
  • Select "Exit Counseling" under "Choose Counseling Type"

If you log in, you will be able to:

  • See your federal student loan information available in the National Student Loan Data System (NSLDS)
  • Notify schools of counseling completion
  • View proof of counseling completion


Last updated: August 14, 2023

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