Welcome to Loan Repayment Guidance at OKWU
At Oklahoma Wesleyan University, we care deeply about your future—both academically and financially. As you prepare to enter life beyond college, it’s important to know what to expect when it comes to repaying your federal student loans.
While you don’t owe OKWU for your federal loans, we want to make sure you know exactly where to go and how to manage your repayment successfully. This page is here to guide you step-by-step through the tools and resources available at StudentAid.gov, where you’ll find everything you need to view your loan balances, explore repayment plans, connect with your loan servicer, and take control of your financial journey.
You’re not alone—our Financial Aid team is here to support you every step of the way.
Getting Started with Repayment
Step 1: Your First Steps Toward Repayment
Log in to your Federal Student Aid account at studentaid.gov to:
- Confirm who your loan servicer is.
- Review your total loan balance and due dates.
- Update your contact information so your servicer can reach you with important updates.
Complete exit counseling (required if you’re graduating, leaving school, or dropping below half-time). It’s a step-by-step guide to what repayment will look like.
Know your grace period. Most federal loans offer a 6-month grace period before your first payment is due.
Step 2: Explore Repayment Strategies
Understand your repayment plan options. From standard 10-year plans to income-driven plans that adjust based on your income, there’s likely a plan that fits your life.
Estimate your monthly payment using the Loan Simulator. It can help you compare plans and pick the one that’s right for you.
Consider auto-debit. Enrolling in automatic payments may reduce your interest rate and helps ensure you never miss a due date.
Watch out for scams. Only work directly with your loan servicer—help is always free!
Step 3: Stay Connected and Proactive
Open every message from your loan servicer. Email, text, or mail—they all matter.
Reach out early if you’re struggling. Deferment, forbearance, and income-driven repayment plans can help if things get tight.
Reach out and schedule a Bookings meeting with us to build confidence and learn how to avoid delinquency or default.
Talk with Financial Aid
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