Repaying Your Loans
Once you graduate, leave school, or fall below half time enrollment, you will have to start repaying your loans.
- Complete Exit Counseling when you drop below half-time enrollment, Graduate, or Leave school
- Access your total federal student loan history and loan servicers by logging into the studentaid.gov.
- Learn more about the Repayment Plan projections and options through the Student Aid Student Loan Repayment.
- To help borrowers across the state of Illinois, the Illinois Student Assistance Commission (ISAC) is hosting free webinars on how federal student loan borrowers can navigate repayment. To learn how you can prepare for repayment, visit the Return to Repayment page.
- For registration details, visit the Webinars page located within the Professional Development Opportunities area at ISAC's website (isac.org). For questions, contact isac.borrowersupport@illinois.gov.
- Join on one of these dates in September to learn about the steps you can take to prepare for repayment, what repayment options are available, and how to stay out of default.
- Thursday, September 7, 9-10 a.m. (CT)
- Wednesday, September 13, 12-1 p.m. (CT)
- Friday, September 22, 10-11 a.m. (CT)
How do I contact the Direct Loan Program?
- Student Loan Support Center: The Student Loan Support Center may be reached by phone, 1-800-433-3243, or visit, https://studentaid.gov/help-center/contact.
- Federal Student Aid (FSA) ID: An FSA ID is required in order to sign your Direct Loan MPN. An FSA ID is a username and password that gives you access to Federal Student Aid’s online systems including the Free Application for Federal Student Aid (FAFSA®) and can serve as your legal signature for the Direct Loans process. An FSA ID can be created here: https://studentaid.gov/fsa-id/create-account/launch.
- Master Promissory Note: A Federal Direct Loan MPN is required of all new and current borrowers.
- Entrance Counseling: Federal Direct Loan Entrance Counseling is required for all new and returning borrowers.
- Direct Loan Account Information: Online account and billing information.
For a complete listing of your school's loan volume, please visit https://studentaid.gov
University of Illinois at Springfield (00933300)
Three-year Official Cohort Default Rate Information
A school’s cohort default rate is the percentage of a school’s borrowers who enter repayment on certain Federal Family Education Loans (FFELs) and/or William D. Ford Federal Direct Loans (Direct Loans) during that fiscal year and default (or meet the other specified condition) within the cohort default period.
Cohort FISCAL Year | Borrowers in Default | Borrowers Entering Repayment | Official Default rate |
---|---|---|---|
2019 | 10 | 993 | 1% |
2018 | 42 | 1055 | 3.9% |
2017 | 57 | 1031 | 5.5% |