Understanding Student Debt and Student Loan Repayment
Navigating student debt and loan repayment can be overwhelming—but remember, you’re not alone. The Financial Aid Office at Harrisburg University is here to support you every step of the way.
Whether you’re facing loan delinquency, loan default, or simply feeling confused about your repayment options, we strongly encourage you to reach out to us. Our knowledgeable staff is ready to answer your questions and help you find the best path forward.
Did you know that your established account at www.StudentAid.gov provides valuable information to help manage your student loans?
For instance, all federal Direct student loan borrowers are assigned a loan servicer—the organization responsible for handling your loan payments, processing deferments or forbearances, and assisting with loan forgiveness applications. If you’re unsure who your loan servicer is, you can easily find this information by logging into your account at StudentAid.gov.
Did you know that borrowers of federal student loans can apply for repayment plans based on their income?
In many cases, this can significantly reduce your monthly payments. The application for these income-driven repayment plans is available through your account at www.StudentAid.gov, or you can reach out directly to your loan servicer for more information. This option is definitely worth exploring if you’re finding it hard to keep up with your payments.
Did you know that borrowers of federal student loans are eligible for up to 36 months of general hardship forbearance?
In some cases, this forbearance can help bring delinquent loans current or suspend future payments. To determine your eligibility or request forbearance, simply contact your student loan servicer.
