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High School Students

Repaying Your Student Loan

Take smart steps to avoid defaulting on your loan.

Student loans are as much a responsibility as any other loan a person can acquire. Student borrowers are required to repay their education loans, even if they do not complete school, cannot find a job after they leave school, or feel dissatisfied with the education they received.

Before you take out a loan, you should take certain steps to help you avoid default, such as finding out about repayment guidelines and talking to your lender or TG Customer Assistance about the particular terms of a loan. Planning for repayment can help you avoid the difficulties that may come with the responsibilities of borrowing money and help you avoid default.

Part of your plan for repayment should include actively beginning your search for full-time employment.

If you borrow, keep in touch with your lender, especially if personal circumstances change. Lenders are often willing to work with borrowers to make repayment possible and easier. You may be eligible for consolidation programs or deferment/forbearance plans.

Contact your lender if you:

Leave school
Change schools
Graduation date changes
Graduate
Enrollment status from full-time to less than half time
Deferment status changes
Change your name
Your address
Your phone number
You have trouble making your loan payment
Deferment status changes

If you have questions about repaying your student loan, contact your lender or ask the experts at (800) 845-6267.

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