How to Review Your Loan History and Estimate Your Future Monthly Payments
Whether you have just graduated, are getting close to graduating, or are still currently enrolled, it’s always a good idea to review your loan history and estimate your potential monthly payments. It’s important to know how many loans you have already borrowed and to know what those payments will be based on what you have borrowed so far. That way you are less surprised and more prepared when you go through exit counseling and eventually start entering into repayment.
How can I start checking my personal loan history?
The easiest way is to navigate through Accessplus. There is a tab on your Accessplus account labeled “Student Loan History” under the Financial Aid tab. Here you will see a screen that looks very similar to the one pictured below.
You will find direct links to the National Student Loan Data System (www.nslds.ed.gov) and the University Accounting Services (www.uasecho.com). The NSLDS website contains information regarding your Federal Direct Loans and any Federal Pell Grants that you may have received. This website will also list your federal loan servicer, who is the entity that you will ultimately make your payments to. The University Accounting Services website tracks any Perkins loans, Health Profession Student Loans, and University Loan Term Loans. This is the website you will go to make any payments towards these loans as well.
How do I estimate my payments?
The next thing you should check on is estimating your student loan payments based on what you have borrowed so far. A great way to see these estimates can also be navigated through Accessplus. Under the same financial aid tab, you will find “Loan Pmt Estimate” right above the Student Loan History tab. This will show the amount that you have borrowed in Federal Direct Stafford loans and will give payment estimates based on the standard 10 year repayment plan.
You can also check your exact payment estimates by logging into the Repayment Estimator via the Federal Student Aid website. This will also provide the different payment plans that are available to choose from towards the bottom of the page. https://studentloans.gov/myDirectLoan/mobile/repayment/repaymentEstimator.action
It’s important to remember that this website does not include any private loans that you have borrowed and that those should be monitored via your private lender.
If you still have questions or concerns regarding loan repayment or your personal loan history, please don’t hesitate to contact our office!