Retrieving Your Loan Info
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The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for student aid. It is a self-service portal for a centralized, integrated view of your aid. You can access the database to review your account information and complete exit counseling.

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Estimating Tuition Costs
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The Indiana College Costs Estimator enables you to compare the price of attending different colleges and universities around the state. The Cash Course site is designed to help you make informed financial decisions about how to pay for your education.

  

Student Loans

Student loans can help you pay for your IUPUC education. These loans are a type of financial assistance that must be repaid with interest after you graduate. Both you and your parents (if you are their dependent) may borrow money to help cover your educational expenses.

The first step toward getting federal aid to help pay for your IUPUC education is to complete the Free Application for Federal Student Aid (FAFSA). The second step is to educate yourself about student loans and the type of loan that is best for you.

Types of Student Loans

Student loans come from two sources: (1) the federal government through the U.S. Department of Education or (2) private lenders like banks and credit unions.

Federal

Loans made by the government, called federal student loans, usually offer lower interest rates and have more flexible repayment options than loans from banks or other private sources. The Office of Federal Student Aid offers two federal student loan programs:

  1. With four types of direct loans, the Federal Direct Loan Program is the largest.
  2. The Federal Perkins Loan Program is the second largest.

The U.S. Department of Health and Human Services offers:

Private

If you decide to borrow money from a bank or credit union to help pay for your degree, it is important that you understand the terms and conditions that come with the loan. Private loans can come with high interest rates that make repaying them difficult. Educate yourself about the differences between federal and private student loans.

Repaying Student Loans

Generally, you will have from 10 to 25 years to repay your loan, depending on which repayment plan you choose.

Explore the Federal Direct Loan Program for payment and budget calculators, information about making automated loan payments, what to do if you have trouble making loan payments, the consequences of defaulting on student loans, and more.

Counseling

Before a federal loan is awarded, you may be required to complete mandatory counseling. Complete it quickly to receive the funds for your tuition and other educational expenses.

  • Entrance counseling helps you understand what it means to take out a federal loan. It will help you understand the loan process, how to manage your educational expenses, and your rights and responsibilities as a borrower.
  • Before you graduate, or if you stop taking classes before graduating from IUPUC, you may also be required to complete mandatory exit counseling.