Loan Repayment
Repaying Federal Direct Loans
Once a loan is disbursed, the government assigns your loan to a loan servicer to manage repayment. You and/or your parents can identify your specific loan servicer by logging in to studentaid.gov
If you took out a loan before going on a mission, your loan will go into repayment. Additional information about departing missionaries is available, or you can refer to the Departing Missionary Checklist.
Repaying BYU Long-term Loans
BYU contracts with a third party called Educational Computer Systems, Inc. (ECSI) to service all of its long-term loans. You can find more information about repaying long-term BYU loans through BYU Financial Services
Financial Planning
BYU offers a personalized financial planning service through its Financial Fitness Center
Loan Default Rate
BYU is required to publish the institution’s loan Cohort Default Rate (CDR) for federal loans. The current institutional default rate is 0.00%