Loan Repayment

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 (opens in a new tab) using your FSA ID. Any specific questions you have about repayment can be referred to your loan servicer. Additional information about loan repayment (opens in a new tab) is also available.

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.

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 (opens in a new tab).

BYU offers a personalized financial planning service through Financial Fitness (opens in a new tab). To develop a repayment plan for your student loans, you may schedule an appointment (opens in a new tab) or call 801-422-7355 for assistance.

BYU is required to publish the institution’s loan Cohort Default Rate (CDR) for federal loans. The current institutional default rate is 0.00%.