1. Coe
  2. Admission
  3. Financial Aid & Scholarships
  4. Financial Aid Handbook
  5. Alumni Loan Repayment Information

Alumni Loan Repayment Information

Financial Aid Handbook

Loan Repayment Information

As you navigate your post-college journey, there are several financial considerations to remember, such as paying off student loans and planning for the future. This page serves as a helpful resource to guide you along the way. Even after you've completed your degree, remember that the Coe College Student Financial Services Office is always available to support you in achieving financial success.

To find out what type of federal government loan (Federal Direct Loans and Perkins Loans) you have, visit studentaid.gov. You can log in from there with your Federal Student Aid ID (FSA ID). 

If you are unsure who your Private/Alternative Student Loan servicer is, you can look it up by pulling your credit report at: Annualcreditreport.com.

If you have questions about your Institutional Student Loan (Canfield, McElroy, Smith, Crimson & Gold) you obtained at Coe, you can contact Student Financial Services or Coe's loan servicer, Heartland/ECSI. 

You can reach us via email at studentfinancialservices@coe.edu or by phone at 319.399.8540. Additionally, you are welcome to drop by our office for assistance. We are always happy to help!

Federal Student Loan Repayment: What You Need to Know

Whether you are entering repayment for the first time or have been making payments for several years, it is important to stay informed about your repayment options and keep your loan information up to date.

Recent federal changes may affect the repayment plans available to you, so we encourage you to review your loan information regularly at StudentAid.gov and stay in contact with your loan servicer.

Know Your Loan Servicer

Your loan servicer is your primary resource for questions about billing, repayment plans, deferment, forbearance, and loan forgiveness programs.

Take a few moments to:
  • Log in to StudentAid.gov
  • Identify your federal loan servicer
  • Confirm your repayment status
  • Update your contact information, including your address, phone number, and email address

If you have private student loans, you can identify your lender or servicer by reviewing your credit report at AnnualCreditReport.com.

Repayment Plan Options

Choosing the right repayment plan can have a significant impact on your monthly payment and long-term financial goals.

Federal student loan repayment options may vary depending on the type of loan you borrowed and when you borrowed it. If your financial circumstances change, contact your loan servicer as soon as possible to discuss available repayment options.

Before selecting a repayment plan, we encourage you to:

  • Use the Federal Student Aid Loan Simulator
  • Review available repayment options
  • Estimate your monthly payment
  • Consider whether you may qualify for a loan forgiveness program

Not Sure You Can Afford Your Payment?

Don't wait until you miss a payment.

If your monthly payment feels unmanageable, contact your loan servicer immediately. Many borrowers have options available to help prevent delinquency and default.

Loan Forgiveness Programs

 

Worried about Default?

Missing payments can lead to delinquency and eventually default, which may affect your credit and result in collection activity.

If you are struggling to make payments, contact your loan servicer immediately. Seeking assistance early often provides the greatest number of options.

Resources: Avoiding Default   Getting Out of Default

Federal Perkins and Institutional Loan Repayment 

Repayment was not paused, and these loans do not qualify for the one-time Debt Relief Program. Repayment options differ from those for Direct Student Loans.

Be Cautious of Scams!