La Salle University

Undergraduate Admissions
International Students

Federal Loan Repayment Tips

Now that you are leaving La Salle, your federal loan grace period will begin.  This means that you will soon be receiving information for repaying your federal loans either through payments, deferment, or consolidation.  This page offers valuable information for connecting with the proper resources to prevent your loans from default. 

Federal student loans that fall into default as a result of past-due or negligent payments can severely impact several aspects, including:  immediate repayment of entire loan balance, garnished wages, additional fees, lawsuits, damaged credit rating, and ineligibility for loan deferments or additional student aid.  Unlike other consumer loans, student loans usually can’t be discharged through bankruptcy and will likely stay with the borrowers for the rest of their lives.  If you have difficulty making loan payments, you should contact the servicer as soon as possible to see what options may be available to you.  Borrowers who try to avoid their servicer can lose out on some readily available repayment benefits and options.  Some of the options borrowers can take advantage of to avoid default are:  alternative repayment plans to lower monthly payments (these can sometimes drive up the total cost of the loan), loan forgiveness and discharge programs that can cancel loan obligations, and deferments and forbearances to temporarily suspend monthly loan payments. 

The Department of Education is currently the sole lender for all federal Direct loans, and assigns each borrower to a servicer for the repayment of these loans.  To determine your servicer, you can contact the Department of Education at 1-800-4-FEDAID, or view your federal student loan history through the National Student Loan Data System (NSLDS) via

Stafford loans awarded under the FFEL Program are separate from Direct loans and may be serviced by a different servicer if you have borrowed under both programs.  To verify your FFEL Program Stafford loan servicer, please review your student loan history through the National Student Loan Data System (NSLDS) via


Useful Links for Your Federal Loans


Deferment and Forbearance

Forgiveness for Teachers

Cancellation and Consolidation

Defaulted Loans

Income-Based Repayment (IBR) Plan

Proposed Pay-As-You-Earn Repayment Plan

Department of Education Direct Loan Website FAQs


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