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Student Financial Services

Debt Management

Taking Responsibility for Your Student Loan

As you leave school, your life will take on a different focus with new opportunities, challenges, and responsibilities. One of those responsibilities is repaying your student loan. Your student loan is a debt you owe for your education and, although an education isn't a physical object like a car, house, furniture or similar purchases where a loan is needed, you should treat your loan as you would any other kind of debt because the consequences for defaulting on a student loan are the the same; if not similar.

You Tube video on “Repayment: What to Expect:”

youtube_repayment.gif://www.youtube.com/watch?v=oJHySMdXjxE

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View Spring 2015 Repayment Seminar Presentation (Coming Soon)

Because your student loan is a responsibility that goes away only when you repay your loan in full, how you handle this obligation can have either a positive or negative effect on your future. Upon graduation, it is strongly recommended that you gather as much information as you can about the loans you've received (even those you may have received as an undergraduate) and the total amount you owe. In addition, you should also make yourself familiar with the many repayment options that are available to assist you in repaying your loans during unexpected financial difficulties or hardships.

Review the Loans at a Glance FAQ sheet to see details regarding institutional and federal loans you have received while attending UTHealth.

Know What You Owe

The Consequences of Poor Debt Management

When paying monthly, failure to make a payment for 270 days causes your student loan to go into default. With the number of repayment options available to you, by following the strategies provided here, and by staying in contact with your lender or university, you should be able to maintain a good repayment record to avoid default.

Some of the consequences of default are:

These consequences can be avoided if you "live-by" the debt management strategies. Save yourself future headaches and keep track of your student loan payments.

For more information regarding default prevention visit:  https://studentaid.ed.gov/repay-loans/default/avoid