Do You Know What Type of Federal Student Loans You Have?

Determine what kind of student loans you have

You can receive credit toward loan forgiveness no matter what type of federal student loan you have. However, depending on the type of federal loan you have, you may have to take additional steps.

Note: Only federal loans you took out to pay for your own education are eligible. Parent Plus loans are not eligible. To make a Parent Plus loan eligible for PSLF, you must consolidate it.

How to verify your type of loan.

Watch the video or read below for step-by-step instructions for determining what type of loan you have.

Instructions for identifying student loan type

1. Go to studentaid.gov and log in using your Federal Student Aid (“FSA”) ID. If you do not have an FSA ID, click “Create Account.”

If you have forgotten your username or password, click the “Log In” button and follow the prompts for either “Forgot My Username” or “Forgot My Password” to retrieve your account information.

2. View Your Loan Details.
When you log in, you will see your student aid dashboard. On the dashboard, click “View Details.”

If you have “Direct Loans” taken out at the same time you will qualify for loan forgiveness without having to change the loan type through a process called “consolidation.”

If you have “Direct Loans” taken out at different times you can consolidate these loans to get PSLF as early as possible.

If you have “Federal Family Education Loans” (FFEL), Perkins Loans, or any other loans without the word “Direct” you will need to consolidate your loans.

Learn More About Consolidating Your Loans

Next Steps

If You Have:

One or More Direct Loans
● Next Step: Submit your employer certification form to apply for PSLF.
● Tip: If you have multiple Direct Loans from different periods of time, such as taking time off between pursuing an undergraduate and graduate degree, you may want to consider consolidating before submitting your employer certification. Learn more here (LINK TO AN FAQ).

One of More Older Federal Loans Known as Federal Family FFELP or Perkins Loan
● Next Step: Consolidate your loans into a single Direct Loan so they all are cancelled
when the first loan has 120 qualifying payments.