Loan Consolidation and Repayment

Student loans are legal obligations that must be repaid, with interest, just like car loans and home mortgages. All student loan borrowers must fulfill an Exit Counseling requirement to help you understand your rights and responsibilities as a student loan borrower. This session also provides helpful tips to help you manage your loans.  

To fulfill your exit counseling obligation, go to and click on Exit Counseling under the Tools & Resources section. 

Federal student loan borrowers who are leaving school may want to consider a loan consolidation, which combines several student loans into one loan from a single lender.  There are advantages and disadvantages to consolidation, so be sure to explore all options. 

The National Student Loan Data System (NSLDS) is the Department of Education's central database for student aid.  It receives data from schools, guaranty agencies, the Direct Loan program, and other Department of Education programs. NSLDS provides a centralized, integrated view of Title IV loans and grants so that recipients of aid can access and inquire about their Title IV loans and/or grant data. is a website which has detailed information about all types of financial aid, including loan consolidation and repayment. Visit these web pages to learn more: