In Repayment

Stages of a Student Loan

Life Cycle of a Loan: In School lasts 2 to 4 years. In Grace lasts 6 months. In Repayment lasts between 1 and 30 years.

Now that it's time to start paying back your student loans, it's important to understand details like how you can make a payment, which day(s) your monthly payment is due, and how Nelnet can help you have the best student loan experience possible.

What to Expect While Repaying Your Loans

  • Log in to to update your contact information and view your loan balances and due dates.
  • Review your Nelnet student loan billing statement. It arrives about three weeks before your first payment is due. You can choose to receive paper or eStatements at
  • Become familiar with the ways you can pay. Be sure you learn more about auto debit, our service that lets you make automatic monthly payments. Using auto debit may give you a 0.25% interest rate reduction.*
  • Make sure your repayment plan best fits your budget. You will have the Standard Repayment Plan unless you select a different option. You can always change repayment plans when your life circumstances change.
  • Get the tools you need to manage your loans anytime, anywhere. The Loan Assist app for your smartphone makes it easy to pay on the go, and you can sign up for text reminders at to receive an alert when a payment is due or overdue.
  • Just know that we're here for you when you need us—call us 24/7 with any questions.
  • Are you in the military? There are special student loan benefits just for you.

  • * Nelnet services loans for many lenders, and not all lenders offer the interest rate discount. Your lender may modify or terminate its borrower benefit program at its discretion and without prior notice. Your failure to satisfy benefit eligibility requirements may result in the loss of the benefit.

Trouble Making Payments?

If you find that you can't fit your student loan payment into your budget, consider applying for a deferment or forbearance to postpone your payments until a later time. Each has its own eligibility requirements—see if one will work for you. However—these are temporary solutions, so it's smart to choose a repayment plan that will work within your budget before your deferment or forbearance expires.

Get Smart About Credit

Paying your student loan and other bills on time will raise your credit score, increasing your eligibility for a credit card, car loan, or mortgage.

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