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How Do I Repay My Loan?

Student Loan Repayment

Repayment of your student loan begins six months after graduation or upon dropping to less than half-time enrollment. There are three ways to repay your loan.

You will need to create an account with our third party servicer to start the repayment process.

  • If you applied on or before 4/17/11, check your loan status with Great Lakes.
  • If you applied on or after 4/18/11, check your loan status with Firstmark Services.

Coupon book/statements are the standard repayment option and begin once your loan goes into repayment. Prior to your first loan payment, you will receive a coupon book or payment statement indicating your monthly payment amount and payment mailing address.

AutoPay1 is the best way to repay. It's easy to set up, always on time, paperless and also qualifies you for additional interest rate discounts. Simply authorize your loan servicer to withdraw your loan payment from your checking or savings account, and payments will be automatically deducted until the loan is paid in full or you stop the automatic payments. Sign up for AutoPay.

U.S. Bank Internet Bill Pay enables you to pay your bill online from your U.S. Bank Checking account. Apply today.

  1. The automatic payment is a requirement to be qualified for the interest rate reduction benefit. Auto-payment is set up through the loan servicer. If the auto-payment is cancelled by the borrower, the rate reduction benefit is lost but may be reinstated. If the auto-payment feature is revoked, the rate reduction benefit is lost and cannot be reinstated even if automatic payments are re-established on the loan.

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Important Application Update

We have made some changes to our product.

Learn More

Home Equity for Education

If you have equity in your home, you can use it to help pay for college expenses.

Home Equity Loans

Have Questions?

Call 800-375-4494

Monday – Friday, 7 a.m. to 7 p.m. Central Time

Email us

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