Checklist for Graduating Students with Federal Loans

Now that you are leaving Penn, you need to make important decisions on how to repay your federal student loan(s). The information below will help you begin the repayment process.

1
Exit Counseling (required by federal regulations and University policy)
2
Review loan consolidation information if you are considering consolidating your federal student loans
3
Know when your monthly payments begin, how much you will pay each month, and how to postpone those payments if needed
4
Determine the amount of your monthly payments
5
Determine your federal loan servicer using the National Student Loan Data System

If you have specific questions about any of the processes mentioned in this section or whether certain provisions apply to you, you should contact your lender.