{"id":40,"date":"2022-01-11T16:28:30","date_gmt":"2022-01-11T16:28:30","guid":{"rendered":"https:\/\/stgschoolcraft.wpengine.com\/aid\/?page_id=40"},"modified":"2024-12-18T18:11:56","modified_gmt":"2024-12-18T18:11:56","slug":"how-to-repay","status":"publish","type":"page","link":"https:\/\/www.schoolcraft.edu\/aid\/types-of-aid\/loans\/how-to-repay\/","title":{"rendered":"How to Repay"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">How to Repay<\/h1>\n\n\n\n<p>Understanding the repayment process for your federal student loans can go a long way toward building a solid financial foundation.<\/p>\n\n\n\n<p><strong>Watch video: <\/strong><a href=\"https:\/\/embed.ocelotbot.com\/cms\/embed\/video\/264?hd=1&amp;dim=320x180&amp;current_entity=1557\">Federal Student Loan Repayment Options<\/a><\/p>\n\n\n\n<p>Remember, Federal student loans are real loans, just like car loans or mortgages. You must repay a student loan even if your financial circumstances become difficult. Your student loans cannot be canceled because you didn\u2019t get the education or job you expected, or because you didn\u2019t complete your education (unless you couldn\u2019t complete your education because your school closed).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/studentaid.gov\/exit-counseling\/\" target=\"_blank\" rel=\"noreferrer noopener\">Exit Counseling<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/repayment\/repaying-101\" target=\"_blank\" rel=\"noreferrer noopener\">Making Payments<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/repayment\/servicers\" target=\"_blank\" rel=\"noreferrer noopener\">Loan Servicers<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/repayment\/plans\" target=\"_blank\" rel=\"noreferrer noopener\">Repayment Plans<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/studentaid.gov\/loan-consolidation\/\" target=\"_blank\" rel=\"noreferrer noopener\">Loan Consolidation<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/lower-payments\/get-temporary-relief\" target=\"_blank\" rel=\"noreferrer noopener\">Deferment and Forbearance<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/forgiveness-cancellation\" target=\"_blank\" rel=\"noreferrer noopener\">Forgiveness, Cancellation, and Discharge<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/studentaid.gov\/manage-loans\/default\" target=\"_blank\" rel=\"noreferrer noopener\">Understanding Default<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/myeddebt.ed.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">Resolving Default<\/a><\/li>\n<\/ul>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>How to Repay Understanding the repayment process for your federal student loans can go a long way toward building a solid financial foundation. Watch video: Federal Student Loan Repayment Options Remember, Federal student loans are real loans, just like car loans or mortgages. You must repay a student loan even if your financial circumstances become [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":36,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-templates\/sc-sidebar.php","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"sidebar-content","footnotes":""},"class_list":{"0":"post-40","1":"page","2":"type-page","3":"status-publish","5":"entry"},"acf":[],"featured_image_src":null,"featured_image_src_square":null,"_links":{"self":[{"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/pages\/40","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/comments?post=40"}],"version-history":[{"count":0,"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/pages\/40\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/pages\/36"}],"wp:attachment":[{"href":"https:\/\/www.schoolcraft.edu\/aid\/wp-json\/wp\/v2\/media?parent=40"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}