Missouri Western State University
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Financial Aid

Student Loan Repayment Worksheet

List your current loan servicers and contact information:

The U.S. Department of Education's National Student Loan Data SystemSM (NSLDSSM) provides information on your federal loans including loan types, disbursed amounts, outstanding principal and interest, and the total amount of all your loans. You can find out who your loan servicers are using NSLDS. To access NSLDS, go to www.nslds.ed.gov and select Financial Aid Review. You will need your Department of Education PIN to access the site. If you have forgotten your PIN, visit www.pin.ed.gov and select "Request a Duplicate PIN."

# Servicer Name Phone Number Outstanding Principal
1 $
2 $
3 $
4 $
5 $
6 $
Total Amount Borrowed - All Loans $

Calculate your monthly payment based on the total amount you have borrowed to date.

To calculate your monthly payment, visit www.studentaid.ed.gov/node/150 Enter the total amount you have borrowed to date in the Loan Amount field and then click anywhere on the page. For the purpose of this exercise, use the interest rate of 6.8%.

Repayment Plan Terms (in months) Initial Monthly Payment Total Payments
Standard Repayment $ $
Extended Repayment $ $
Graduated Repayment $ $

How much do you anticipate borrowing to complete your degree program?
$

Calculate your monthly payment based on the total amount you anticipate borrowing using the interest rate of 6.8%.

Repayment Plan Terms (in months) Initial Monthly Payment Total Payments
Standard Repayment $ $
Extended Repayment $ $
Graduated Repayment $ $

What could you do to limit or avoid borrowing loan funds in the future?

If you are experiencing difficulty repaying your loans, what should you do first?
If you are unsure, visit www.studentaid.ed.gov/repay-loans/default/avoid and select "What if I can't make my monthly payment?"

List two options that may assist you in keeping your loans in good standing.
If you are unsure, visit www.studentaid.ed.gov/repay-loans/default/avoid and select "What if I can't make my monthly payment?"

List 3 consequences of failing to repay your loan debt according to the terms of the promissory note (default). If you are unsure, visit www.studentaid.ed.gov/repay-loans/default and select "What are the consequences of default?"

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