University of Minnesota Duluth block M and wordmark

Repayment Options

Repayment will differ for private and federal student loans. Get all the information you need about repayment from our One Stop web page on Loan Repayment.


Loan consolidation is an option that varies from person to person. While you do have the ability to apply to consolidate federal loans, this is only advantageous to some. Typically federal loans are combined into one loan with a new interest rate - sometimes higher, sometimes lower - than the initial interest rates you may have had. More information is available through One Stop Student Services and your loan servicer.

When you can't pay

If you are unable to make your monthly student loan payment, contact each of your lenders directly. If possible, reach out before you are late on a payment.