The repayment of student loans is the responsibility of the student. Failure to repay loans promptly can adversely effect students long after graduation.
Before missing a payment students should contact the lender to determine eligibilty for an economic hardship forbearance or other forbearance or repayment option to help better manage loan repayment.
Students contacted from their lender about non-payment should contact the lender immediately to avoid delinquency or entering default. Loans in delinquency or defaulty could be sent to the guarantor or the U. S. Department of Education for collection. Students may be able to arrange a forbearance or deferment, but only by communicating with the lender.
Federal regulations require loan guarantors to take the following measures with defualt of delinquent loans:
Students can go to the National Student Loan Data System (NSLDS) at www.nslds.ed.gov and using their FAFSA PIN access their loan record and identify their lender. Students can recover their FAFSA PIN at www.pin.ed.gov.