Loan Repayment

Students begin repaying Federal Direct Stafford loans six months after graduation, leaving school or dropping below half-time enrollment. Also, students must complete the federally required Exit Counseling before they graduate from HCC, drop below half-time attendance, or withdraw from classes completely. Academic records will be on hold until this is completed.

The Department of Education offers Loan Repayment Plans and Calculators

When the student loan becomes due, the federal loan servicer will mail a payment schedule with a monthly payment of principal and interest, and the unpaid balance for each month it takes to repay the total debt. If the loan servicer does not contact the student, the student is responsible for contacting them at:

Direct Loan Servicing Online at

U.S. Department of Education
Direct Loan Servicing Center
PO Box 4609
Utica, NY 33504-4609
800-848-0983 (TTY)

Use NSLDS (National Student Loan Data System) to keep track of the federal funds you have borrowed.