Student Loan Reduction

Loan Management and Reduction

Congratulations on completing some form of higher education! We hope these resources will help you enjoy and effectively utilize this significant accomplishment, instead of panicking about loan payments.  With research and planning, you can do it!

How to Pay: Loan Reduction Resources Current May 2012

What if I Can’t Pay?

  • Contact your lender immediately.  You may qualify for deferment, forbearance or another form of payment relief.  It is important to take action before you accrue late fees as this may impact your eligibility for payment relief or loan forgiveness programs.
  • If you are having problems with your loans, you can contact the Department of Education’s Ombudsman Office at 1-877-557-2575.You may also want to read About the Ombudsman. They have provided a printable Self-Resolution Checklist so that you can make sure you’ve taken all the necessary steps before calling them. After you have gone as far as you can go on your own, you may fill out the online Ombudsman Assistance Request Form.