As the borrower of student loans, it’s important that you are knowledgeable about the types of loans you have, the amounts you have borrowed and how much you will have to pay back after you leave college.
You may have Federal Direct , Federal Perkins loans or Private/Alternative (non-federal) student loans by the time you have graduated.
Federal Direct Loan Information
The U.S. Department of Education's National Student Loan Data System (NSLDS) provides information on your federal loans including loan types, disbursed amounts, outstanding principal and interest, and the total amount of all your loans. To access NSLDS, go to www.nslds.ed.govand click on “Financial Aid Review.”
Recent legislation has set a limit on the number of years that a new borrower may receive subsidy benefits for a Direct Stafford Loan. For more details, please go to: Time Limitation on Direct Subsidized Loan Eligibility for First-Time Borrowers.
To calculate the monthly repayment amount of your federal student loans, visit the Department of Education's Repayment Plans and Calculators, or check out the Student Loan Repayment/Interest Rate Tables provided by NASFAA (National Association of Financial Aid Administrators).
Federal Perkins Loan Repayment
All federal Perkins loans at Notre Dame College are serviced by University Accounting Service (UAS). UAS has been hired by the college to work with you to handle the Perkins loan repayment process. Their website is located at http://www.uaservice.com/.
Private Alternative (Non-Federal) Loan Information
Any alternative loans you borrow as a student will not be included on the NSLDS website. You may view a list of your alternative loans through your credit report. You may request a free credit report every 12 months.
Many companies claim to offer free credit reports, and some do. But others give you a report only if you buy other products or services. AnnualCreditReport.com is the only website authorized by the FTC (Federal Trade Commission) to give you a free credit report without any hidden fees or purchasing requirements.