Get Ready to Repay
Whether you're a new borrower, been in school for a while, graduating soon, or a Brown alumn - there are steps you can take to be successful in your loan repayment.
You may have questions about loan repayment - Why is it important? Where do I begin? What is best for my situation? The good news is there are many resources available to help you make these important financial decisions.
If you haven't done it yet, take a look at our online resources:
Financing Options - learn the basics about the loans you've borrowed.
Graduation or Leave-taking - learn about exit counseling and begin thinking about your repayment strategy.
Make the Most of Your Grace Periods
Servicers & Making Payments
Your loans are repaid to a "Servicer". Learn how and where to make your monthly loan payments in our Servicers & Making Payments section.
Loan Repayment Plans
The Federal Perkins Loan and all Brown Institutional Loans offer a 10-year repayment period and are paid in fixed monthly installments. The Federal Direct Stafford and PLUS Loans offer many different repayment plans designed to fit different needs and income levels. Learn more about Repayment Plans.
Postponing Loan Repayment
If you are having difficulty repaying your loans, don't give up! You need to take action & request help from your servicer. Learn about the options & the application process in our Deferment/Forbearance section.
Cancellation and Forgiveness
Certain circumstances might lead to your loans being forgiven, canceled, or discharged. View details in our Cancellation/Forgiveness section.
Medical Loan Repayment Resources
Medical students often face specific challenges when planning for loan repayment. The Association of American Medical Colleges (AAMC) offers dynamic online repayment tools and resources to help borrowers navigate those challenges.
Other Tips & Resources
- The Loan Repayment Chart provides basic information about each program.
- Review our Action Items checklist.
- Check our Financial Literacy section to learn about managing your finances.