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Student Loan Repayment Resources
Information & Resources for Student Loan Repayment
This page will provide information and resources for:
- Determining your student loan provider
- The SAVE repayment plan
- Determining which repayment plan you’re in
- Tips to avoid scams as you enter repayment
Student loans are organized and administered by the federal government. Cottey College can only provide general information and resources.
We cannot directly help you with your student loans and we are not a student loan provider.
Who Is My Student Loan Provider?
The first step in repaying your loans is to determine your student loan provider. The federal government has many companies it works with to provide and service loans.
Use the button below to find your student loan servicer.
The SAVE Plan
The Saving on a Valuable Education (SAVE) Plan is the newest income-driven repayment (IDR) plan. Like other IDR plans, the SAVE Plan calculates your monthly payment amount based on your income and family size. In addition, the SAVE Plan has unique benefits that will lower payments for many borrowers.
Facts about the SAVE plan:
-The SAVE Plan is an IDR plan, so it bases your monthly payment on your income and family size.
-The SAVE Plan lowers payments for almost all people compared to other IDR plans because your payments are based on a smaller portion of your adjusted gross income (AGI).
-The SAVE Plan has an interest benefit: If you make your full monthly payment, but it is not enough to cover the accrued monthly interest, the government covers the rest of the interest that accrued that month. This means that the SAVE Plan prevents your balance from growing due to unpaid interest.
-Use the button below to view a video from Federal Student Aid about the SAVE plan.
Which Loan Repayment Plan Am I In?
Don’t remember which student loan repayment plan you’re in? You can find it by logging into your account on studentaid.gov or by logging into your loan servicer’s portal.
Avoid Scams
Some borrowers report receiving communications, including phone calls, text messages, emails, and letters, offering them relief from their student loans. Many of these companies are scams that offer no relief at all.
Use the button below to view tips from Federal Student Aid on how to avoid scammers.