Repayment terms vary based on the type of loan you take out. Once you graduate, or withdraw from the University, you'll have to complete exit loan counseling where you will determine the repayment plan for your loan. If you can’t remember who your loan servicer is, the National Student Loan Data System (NSLDS) may be able to help.
Consolidation is the process by which you combine one or more student loans into a new loan. As a result, you'll only have to make one payment per month. Keep in mind that consolidation will likely increase your total cost of borrowing. If you’re interested in consolidating loans, you should first contact your student loan lender to request information on loan consolidation programs offered.
For additional information about federal loan consolidation programs:
For additional information about private student loan consolidation programs:
Defaulted Student Loans
The U.S. Department of Education’s Guide to Defaulted Student Loans provides information for borrowers whose federal loans are in default status.