Watch Resposible Borrowing Video from FASFAThe U.S. Department of Education awards about $150 billion a year in grants, work-study funds and low-interest loans to more than 15 million students. Federal student aid covers expenses such as tuition and fees, room and board, books and supplies, and transportation. Aid can also help pay for other related expenses, such as a computer and dependent care. Thousands of schools across the country participate in federal student aid programs.

If you qualify for and receive a federal grant, you won't have to repay the money.  This will definitely help offset the cost of school, but you may still need additional help. If so, a federal student loan may be your answer. Remember, a student loan is just like any other loan. It is borrowed money that will have to be repaid with interest.

If you decide to borrow loans, use the resources below for more information.


Understanding the repayment process for your federal student loans can go a long way toward building a solid financial foundation.

Remember, federal student loans are real loans (just like car loans or mortgages). You must repay a student loan, even if your financial circumstances become difficult. There are many repayment options to consider for repaying your federal student loans. You can change your repayment plan at any time. Use the repayment estimator to see what plans you qualify for. Contact your loan servicer to further discuss which plan is right for you.

Your Servicer is Your Friend

If you know who you owe, great! Contact your servicer any time your personal information changes, you want to change your repayment plan or you have come upon financial hardship and paying your loans is no longer feasible.

The Four Main Servicers Are:
fedloan servicing logo Navient Loans Logo Great Lakes Logo Nelnet Edication Planning and Financing Logo

Helpful Links

Finacial Tip of the Month
Frequently Asked Questions
Financial Aid Toolkit
Glossary of Terms
Successfully Managing Your Student Loans

TGTM Learning Management

GCU has partnered with TGTM Texas Guaranteed Student Loan Corporation where you can create an account and complete financial literacy modules including: Setting Goals, Credit Basics and Monitoring Spending.

Click here to learn more


Watch How to Create A Budget Video
When you leave school, you'll want to update your budget to include student loan payments, as well as your new income and living costs. Budgeting will help you build decision-making skills and reach your financial and academic goals.

Sample Budgeting Worksheet

Know Who You Owe

Through the National Student Loan Data System (NSLDS), you can view information on federal grants and loans you've received over the course of your higher education. Specific to federal student loans, it gives you current information about what you owe, including outstanding balances, as well as information about loan status, disbursements and servicers.