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Planning for Repayment

Stetson University College of Law helps our graduates navigate the repayment process. Please see the links below or contact the Office of Admissions and Student Financial Planning at finaid@law.stetson.edu or 727-562-7813 for assistance. Federal regulations require all borrowers to complete Federal Direct Stafford Loan Exit counseling before they graduate, withdraw, or drop below half-time enrollment. Federal Direct Loan Exit counseling will be completed online and in person prior to graduation. Students and alumni are encouraged to come in or call in for counseling and information on new programs or payment plans.

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The National Student Loan Data System, or NSLDS, is the U.S. Department of Education's central database for federal student financial aid records. This system displays information on loan amounts, outstanding balances, loan statuses, disbursements, and lender contact information.


National Student Loan Data System
StudentLoans.gov


exit counseling

Mandatory for all borrowers: Exit counseling is an online tutorial that provides tips and useful information to help student borrowers manage their loans and know their rights and responsibilities. Graduates will be contacted and asked to complete online exit counseling sponsored by Federal Student Aid and will be asked to view a supplemental session.

StudentLoans.gov
Federal Student Aid: Exit Counseling Guide for Direct Loan Borrowers

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When the time comes to begin repaying student loans, federal student loan borrowers 
can select a repayment plan that’s right for their financial situation. Generally, borrowers have from 10 to 25 years to repay their loan, depending on which repayment plan was chosen.

Repayment Plans and Calculators:

Federal Student Aid
Fedloan Servicing (PHEAA)
StudentLoans.gov

Printable Income-Driven Repayment Application

Federal Student Aid: Monthly Interest Calculation

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Under certain circumstances, borrowers may receive a deferment or forbearance which allows you to temporarily postpone making loan repayments.

Deferment/Forbearance

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The Public Service Loan Forgiveness Program will forgive or cancel the remaining balance due on eligible Direct Loan Program loans after having made 120 payments on those loans under certain repayment plans while employed in certain public service jobs.


What is the Public Service Loan Forgiveness Program?
Public Service Loan Forgiveness Q&A

Public Service Loan Forgiveness and the President's Fiscal Year 2015 Budget Proposal

Department of Education Public Service Loan forgiveness employment certification procedure and forms:

Instructions for Completing Employment Certification for Public Service Loan Forgiveness
Employment Certification for Public Service Loan Forgiveness
Equal Justice Works: Public Service Loan Forgiveness
Equal Justice Works: The College Cost Reduction and Access Act of 2007
Equal Justice Works: Loan Forgiveness for Public Service Employees John R. Justice Prosecutors and Defenders Incentive Act

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Loan consolidation could help make payments more manageable by combining several federal student loans into one loan with one monthly payment. 

Dear Borrower Letter
Federal Direct Loan Consolidation

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The College of Law does not recommend specific lenders, nor does it participate in any preferred lender arrangements.

Bar Loan Comparison Chart (PDF)

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