Loan Management

Understand your options when it comes to paying back your student loans.

Student Loan Repayments

COVID-19 emergency relief for federal student loans is ending this year. The U.S. Department of Education has announced that student loan interest will resume starting September 1, 2023, and payments will be due starting in October; borrowers will be notified before payments resume.

View the latest COVID-19 Emergency Relief information.

Do you know your student loan balance? Your servicer should contact you to remind you that you need to start making payments again. Borrowers should take this time to prepare for the deadline by doing the following:

Make sure all contact information, including your email address, is up-to-date with your student loan servicer so you can be informed about any changes that might impact your reentry to repayment.
If you’ve disabled autopay, set a calendar reminder to reinstate it before payments are set to begin.

Our Student Loan Advisors Are Here to Help

If you have any concerns regarding the resumption of payments, our dedicated team of Student Loan Advisors is available to review your current situation and provide in-depth explanations of the loan management options that are available for your unique needs.

We’ll help you navigate and select the repayment plan that best suits your circumstances, including assisting in contacting your loan servicer to initiate the application process.

Contact Us

Phone: 855-875-7430
Email: studentassistance@support.purdueglobal.edu
Hours: Monday–Thursday from 8:00 am–5:30 pm ET
Friday from 8:00 am–12:00 pm ET

Preparing for Student Loan Repayments

Not sure who your student loan servicer is or how to make a student loan payment?

Managing Your Student Loans

Federal Student Loan Repayment Plans

There are many options for federal student loan repayment that can give you more time and make your payments more affordable, depending on your situation. You can change your repayment plan at any time at no cost. For a list of available plans, visit the Federal Student Aid website.

Loan Simulator and Repayment Schedule

The Department of Education’s Federal Student Aid website provides a Loan Simulator calculator that students can use to estimate monthly repayment amounts for their federal student loans. You can also access Purdue Global’s Financial Aid Information Guide to view a sample repayment schedule.

Loan Deferments for Borrowers

A loan deferment temporarily postpones payment on a loan (allowed under certain conditions), during which interest generally does not accrue. To be eligible, students must be enrolled in a degree or certificate program and participate in a minimum number of credits.

Students must submit a request for a deferment to loan servicers and will need to complete an In-School Deferment Request Form provided on Purdue Global Campus to the Registrar’s Office. Student borrowers can visit the Federal Student Loan website for more information.

Loan deferment terms and conditions are further defined for those under the Domestic Volunteer Service Act as well as for those who serve in the Peace Corps or as a volunteer for a tax-exempt organization of demonstrated effectiveness in community service. These individuals should contact the Student Finance Office at 866-458-2008 for additional information.

National Student Loan Data System

The National Student Loan Data System (NSLDS) is the U.S. Department of Education’s central database for federal student aid. The Department of Education’s website, studentaid.gov, provides aid recipients with a centralized view of federal student aid loans and grants from schools, guarantee agencies, and Department of Education programs.

Students experiencing difficulty repaying their student loans can speak to Purdue Global’s advisors, who will review their situation and explain the loan management options available for their specific circumstances.

Phone: 855-875-7430
Email: studentassistance@support.purdueglobal.edu

Your Path to Success Begins Here

Connect with an Advisor to explore program requirements, curriculum, credit for prior learning process, and financial aid options.

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NOTES AND CONDITIONS

^*Student Grants: Agency or program validates student and program eligibility. Eligibility can vary by state.