How do I find out information about my student loans? | Consumer Financial Protection Bureau (2024)

FAQs

How do I find out information about my student loan? ›

At StudentAid.gov, you can find: Your student loan amounts and balances. Your loan servicer(s) and their contact information. Your interest rates.

You may be eligible for income-driven repayment (IDR) loan forgiveness if you've have been in repayment for 20 or 25 years. An IDR plan bases your monthly payment on your income and family size.

For federal student loans, you can find information through the U.S. Department of Education. For private student loans, you can contact your student loan servicer.

If you received a Pell Grant in college and meet the income threshold, you will be eligible for up to $20,000 in debt relief. If you did not receive a Pell Grant in college and meet the income threshold, you will be eligible for up to $10,000 in debt relief.

Once we've received all of the documentation needed to determine whether you qualify for loan forgiveness, you'll be notified. A final review of your account will be done to process forgiveness, which will take at least 90 business days.

Borrowers should expect that the process may take up to six months, and in some cases, longer.

Your school's financial aid office is a terrific starting place. Most financial aid offices have ample information about federal student loan options. The Federal Student Aid office is another helpful resource. It's often best to max out your federal loan options before considering private student loans.

The privacy of financial aid records (and admission, enrollment, and other records) kept by an educational institution is protected by the Family Educational Rights and Privacy Act (FERPA).

For Students, Parents, and Borrowers

The Federal Student Aid Information Center (FSAIC) can answer your and your students' general questions about the federal student aid programs and application process.

How do I check all loans in my name? ›

You can do so by checking your credit report. The credit report is a summary of your credit history, and it is mapped to your PAN card. The report summarizes your credit score and also allows you to check all your loans.

Request a free credit report from the main credit agencies Experian, TransUnion, or Equifax. This will show all past and present debts you may have, including your student loans and the loan servicer for each. Get in touch with your school's financial aid office.

You can do this online by providing details like your home loan application ID/ number or mobile number. Similarly, you can also call up the lender to know your application status. There are two ways to check your loan application status – online and offline.

The deadline to apply for student loan debt relief is December 31, 2023. The initial deadline to apply for the president's federal student loan forgiveness plan until December 31, 2023.

No opportunities for student loan forgiveness: If you're eligible to have your student loans forgiven after a certain amount of time based on your career, it doesn't make sense to repay your loans early. You're better off making your required payments until the debt is forgiven.

What is a qualifying repayment plan? To maximize your PSLF benefit, repay your loans on the Income-Based Repayment (IBR) Plan, the Pay As You Earn Repayment Plan, or the Income Contingent Repayment (ICR) Plan, which are three repayment plans that qualify for PSLF.