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!
Student Loans Are Back in Repayment: What You Need to Know
Federal student loan payments have officially resumed. Whether you're already in repayment or
just starting, there are a few key steps you can take now to stay on track.
Take Action Now:
- Log in to your StudentAid.gov Dashboard to see who your loan servicer is and check your repayment status.
- Keep your contact information updated with your loan servicer—especially if you’ve moved, changed your phone number, or returned to school.
- Explore repayment options using the Loan Simulator to find a plan that fits your current financial situation.
- Sign up for Auto Pay through your loan servicer to ensure on-time payments—and receive a 0.25% interest rate reduction.
Helpful Tips:
- Your loan servicer can help—for free. You never have to pay for assistance with your federal student loans.
- Income-driven repayment plans base your monthly payment on your income and family size. If your financial situation has changed, ask your servicer to recalculate your payment.
- How to Prepare for Successful Student Loan Repayment
- If you didn't complete your Federal Direct Loan Exit Counseling before you graduated, complete it now!
- Tips and Tricks to Prepare for Preparing to Resume Repaymen
- How to Pick the Right Repayment Plan
- Teacher Loan Forgiveness Program
- Public Service Loan Forgiveness Program
- Ways to Qualify for Loan Forgiveness, Cancellation, or Discharge
- Federal Direct Loan Consolidation
- Avoiding Default
- How to get out of Default with the Fresh Start Program
Worried about Default?
If your loan is currently in default, don’t panic. While collections are scheduled to resume May
5—which could include wage garnishment or offsets to federal tax refunds—there are solutions
available, and your situation can often be resolved quickly.
A great first step is exploring loan rehabilitation. This process can remove the default from your
record and stop collection activity. In many cases, borrowers can be back in good standing faster
than they expected.
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 Direct Student Loans options.
- Heartland/ECSI
- Services these loans on behalf of Coe College
- Federal Perkins and Institutional Loan Repayment
- Ways to Qualify for Federal Perkins Cancellation and Discharge