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Know your Loan programs and options

A LOAN IS A FORM OF FINANCIAL AID THAT MUST BE REPAID, OFTEN WITH INTEREST. IT'S IMPORTANT TO CONSIDER REPAYMENT WHEN APPLYING FOR LOANS. IF YOU OR YOUR PARENTS ARE INTERESTED IN ANY TYPE OF LOAN, WE RECOMMEND COMPLETING THE FAFSA FIRST SO OUR OFFICE CAN PROVIDE THE BEST LOAN OPTIONS FOR YOU. YOU HAVE THE RIGHT TO CANCEL, REDUCE, OR ACCEPT IN PART ANY OF THE LOANS THAT HAVE BEEN OFFERED OR ACCEPTED IN YOUR FINANCIAL AID PACKAGE.

Track your Loans

Access the National Student Loan Data System (NSLDS) to track your total loans borrowed. The NSLDS guide below will help you with accessing and navigating NSLDS. If you have entered repayment for your loans and need to know which loan servicer to contact about your loans the NSLDS Student guide will teach you how to access that information. It is important to note that if you are a current student who has recently received a loan (within the last 6 weeks) your new loan may not yet be added into your loan totals on NSLDS.

• A Students Guide to NSLDS
• Who is my Loan Servicer?
• Contact NSLDS by phone or email

Money Management Tips

Your education is a great investment. Start managing that investment by acquiring money management skills that will help you make sound financial decisions, visit out Money Management section for helpful tips and information.

Loan-related Videos on YouTube.com /FederalStudentAid:

• Responsible Borrowing
• Repayment: What to Expect
• How to Manage Your Loans

Withdrawing or Graduating

Withdrawing from UNM (either completely or attending less than halftime) can have implications on your loan repayment timeline. Graduating from UNM will also have implications on your loans. Please review our Withdrawing or Graduating from UNM page to review what is required of you for loan purposes upon leaving UNM.