How to Repay a Federal Student Loan

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In order to repay federal student loans, it's important to find out who the lenders are and how to set up automatic payments. Visit www.nslds.com to find out who a current lender is with help from a financial aid officer in this free video on student loans and financial aid.

Part of the Video Series: Financial Aid
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Video Transcript

Hi my name is Brooke Kramer and I am the financial aid officer at Argosy University in Salt Lake City and I'm going to let you know today how to prepay your student loans. The first thing you're going to want to do is first find out who your lenders are, they should be in contact with you sending you notifications when first you take out new loans and also notifying you when you go into repayment for your student loans. Most lending agencies will send you billing statements in the mail and you can usually also setup automatic withdrawal payments for most lenders. If you are unsure who your current lender is, you can first visit your financial aid officer and they can look that up for you or you can visit www.nslds and find out who your current lenders are as well. Another way to start repaying your loans is actually start early before you actually go into repayment. This will first help you when you go into repayment so your monthly payments aren't so large and also help reduce your monthly payments before you have to start doing that. If you have any other questions, please feel free to check out our website at www.argosy.edu.

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