Understand your Loan Borrowing
Know the current loan type, balance, interest rate, and servicer for each student loan.
Student Loan Repayment
Student loan repayment is the process of paying back the money borrowed for a student loan. Repayment begins after graduation, dropping below half-time enrollment, or leaving school.
Federal Loan Repayment
Loan repayment terms and conditions are set by the Federal Government – More information can be found on our Federal Loan Repayment page.
Private Loan Repayment
Loan repayment terms and conditions are set by your Private Loan Servicer and vary from servicer to servicer – More information can be found on your Private Loan Servicer’s webpage.
Before You Graduate
Review Borrowing History
Know Your Servicer
Outreach Your Loan Servicer
Reach out to your student loan servicer – it is their job to help you understand your loans and assist with processing your loan payments.
Know Your Servicer
Create Your Account
Set Up Loan Repayment Profile
You can find the most detailed and up-to-date information about your loans on your servicer’s website. Be sure your contact information is correct.
Exit Counseling
Complete Federal Loan Exit Counseling
All federal student loan borrowers must complete Federal Exit Counseling. The purpose of exit counseling is to ensure you understand your student loan obligations and are prepared for repayment.
Exit Counseling
After You Graduate
Plan for Repayment
Know When Repayment Begins
Know when you must begin making payments and how much. This information can be determined through your servicer.
Create A Budget
Manage Your Money
Create a budget to determine how much you can realistically afford to pay each month toward your student loans. Additional help can be found on the FSA Budgeting page.
Create A Budget
Consider Loan Options
Consolidation or Refinancing
If loan payments become unmanageable, determine if Consolidating or Refinancing your loans is right for you.
Plan & Pay
Select Your Repayment Plan
Choose a repayment plan that fits your goals by using the Federal Repayment Estimator. Private loan borrowers should reach out to their servicer and inquire about payment plans.
Plan & Pay
Boston University Questrom School of Business
Rafik B. Hariri Building
595 Commonwealth Avenue
Boston, MA 02215
MBA CENTER
For Residential MBA Students:
CONTACT
mbacenter@bu.edu
617.353.7800
OFFICE HOURS
Fall & Spring
Appts: M-Th 9am – 6:30pm, F 9am – 5pm
Summer
M-T 9am – 5pm, W-Th 9am – 6:30pm, F 9am – 1pm
HAR 416
FOLLOW US
@questrom_MBA
@questrom_MBA
For OMBA students needing support, please contact ombasuccess@bu.edu
SPECIALTY MS & PhD CENTER
For students in the MSBA, MSMFT, MiM & PhD programs:
CONTACT
qstmsphd@bu.edu
617.353.7800
OFFICE HOURS
M-F 9am – 5pm
HAR 416
FOLLOW US
@questromgrad
@questromgrad