Student Loan Repayment

Time to start paying back your student loans? Make an informed decision with these tips below.

1. Know your loan servicer.
Your loan servicer will provide answers to any questions about your federal student loans, provide tips and resources, help you choose the appropriate repayment plan, and explain your options when you are having trouble making payments. Want to know more details about the role of a servicer?

Get Ready for Repayment

2. Know your status. 
Student loan borrowers go through three stages: In School, In Grace, In Repayment.

  • In School: When you're enrolled in school at least half-time (for University of Dayton, this is 6 credit hours for undergraduate students and 3 credit hours for graduate students)
  • In Grace: The six-months after you graduate, withdraw, or drop below half-time status
  • In Repayment: When you're required to make payments on your student loans

3. Know your options.
We created this Loan Repayment Plan Comparison chart to help you find the best repayment option for you and your budget. The federal government has also created a tool geared to help students find the best repayment option in 5 steps or less, which can be found at studentloans.gov. Your loan servicer will also be a great resource when selecting a plan.

Grace Counseling Outreach

has partnered with Inceptia, a division of National Student Loan Program (NSLP), to provide you with FREE assistance on your Federal student loan obligations to ensure successful, and comfortable, loan repayment. Inceptia’s friendly customer representatives may reach out to you during your grace period to answer questions you have about your loan obligation and/or repayment options. Inceptia is not a collection agency. We’ve partnered with them to inform you of a wide variety of possibilities such as alternative repayment plans, deferment, consolidation, discharge, forgiveness, and forbearance options. Inceptia will stay in touch with you via phone calls, letters, and/or emails to help you understand your repayment timing and options. For additional resources including information on repayment options, please visit Inceptia’s Federal Student Loan Overview website at Inceptia.org/FAQ.

Still have questions? Check out these videos!