Welcome to the Loan Wizard, your guide to keeping your student loans in good standing. To begin, select the appropriate statement below, then follow through to your answers. Use the Wizard Menu on the left for navigation. 1.) It is time to repay your loans. 2.) You are having trouble making loan payments. 3.) You are trying to locate your loans. 4.) You are considering consolidating your loans. 5.) Your school closed, and you weren’t able to finish education. 6.) You want your loan forgiven. 7.) Your loans are in default. ______________________________________ Do you have multiple loans and/or servicers? Yes No ______________________________________ ______________________________________ Did you meet the minimum requirements? Yes No ______________________________________ ______________________________________ Are any of your loans in default? Yes No ______________________________________ ______________________________________ Do you plan to re-enroll in school? Yes No ______________________________________ ______________________________________ Have you applied for financial aid? Yes No ______________________________________ ______________________________________ Have you made satisfactory payment arrangements? Yes No ______________________________________ ______________________________________ Do you still wish to consolidate? Yes No ______________________________________ ______________________________________ Can you make three satisfactory payments? Yes No ______________________________________ ______________________________________ Do you know how to contact all of your loan holders? Yes No ______________________________________ ______________________________________ Direct Loan Consolidation Select or review repayment options: Standard Repayment Graduated Repayment Income-Contingent Repayment (Direct Consolidation Loans) Income-Sensitive Repayment (Federal Consolidation Loans) Income-Based Repayment Extended Repayment * Make sure to complete the Federal Direct Consolidation Loan application. ______________________________________ ______________________________________ Follow these steps: 1.) Contact your loan holder and ask for consolidation. 2.) Select or review payment options. 3.) Complete the Federal Consolidation Loan application. ______________________________________ ______________________________________ Make payments to, or satisfactory arrangements with, your loan holder. ______________________________________ ______________________________________ Do you know how to contact your lender or loan holder and your guarantee agency? Yes No ______________________________________ ______________________________________ Step 1: Contact your loan holder or guarantee agency. Step 2: Did your loan holder help you? Yes No ______________________________________ ______________________________________ Step 1: Contact your guarantee agency by using the information provided by the main window. Step 2: Did your guarantee agency help you? Yes No ______________________________________ ______________________________________ Contact your Ombudsman. ______________________________________ ______________________________________ Are you having trouble making payments? Yes No ______________________________________ ______________________________________ Are you also having trouble paying other bills? Yes No ______________________________________ ______________________________________ Have you sought professional money management counseling? Yes No ______________________________________ ______________________________________ Choose One: Are you attending at least half time? Are you unemployed? Are you in a public service related field? Are you disabled? Are you experiencing economic hardship? Are you disabled and receiving physical therapy? Are you otherwise unable to repay? ______________________________________ ______________________________________ Are you actively seeking employment? Yes No ______________________________________ ______________________________________ Choose one of the links below to find professional money management counseling: - National Foundation for Credit Counseling - Association of Independent Consumer Credit Counseling Agencies - Licensed Budget and Credit Counseling Agencies ______________________________________ ______________________________________ Would you be able to make your loan payments if the amount was lower? Yes No ______________________________________ ______________________________________ To see if you can lower your loan payments, choose one of the following: Graduated repayment Income sensitive/contingent repayment Consolidation ______________________________________ ______________________________________ Would you like to pay your loan in full? Yes No ______________________________________