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Student Loan Repayment

Every loan and its rules on one page, payslip deductions checked, a reasoned decision on overpaying, and plans for moving abroad, career breaks, hardship and the final payment.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Then open the Marketplace in the app, search for Student Loan Repayment, and click Install. It goes into your own files, and works offline from then on.

Before you start: this plan is general information to help you organise your own money decisions. It is not financial, investment, tax or legal advice. Check decisions that matter with a qualified, licensed adviser in your country, and remember that investing and trading can lose money.

What it installs.

1

Pillar

1

Area

50

Projects

200

Starter tasks

💷 Personal Finance

Student Loan Repayment

Understanding student loan terms, repayment thresholds and whether overpaying makes sense, for graduates at any stage.

  1. Every student loan listed on one page
  2. Loan servicer login and contact details check
  3. Identifying your repayment plan and its rules
  4. Reading your annual loan statement line by line
  5. Working out your expected monthly deduction
  6. Recording how your loan interest rate is set
  7. Write-off date and cancellation rules
  8. Student loan paperwork folder
  9. Countdown to your first repayment
  10. Monthly payslip loan deduction check
  11. Annual match of payroll deductions to loan statement
  12. Autopay routine for fixed monthly loan payments
  13. Quarterly loan balance and interest log
  14. Annual student loan plan review
  15. Yearly income recertification for an income-driven plan
  16. Servicer call and letter log
  17. Self-employed student loan set-aside
  18. Refund check for years below the threshold
  19. How income-contingent repayment really works
  20. Interest capitalisation and how it grows the balance
  21. Lifetime repayment projection
  22. How student loans show up to lenders
  23. Reading the loan agreement's small print
  24. Repaying two loan plans at the same time
  25. Spotting student loan scams
  26. Deciding whether to overpay your student loan
  27. Final-years payoff push
  28. Comparing private student loan refinancing offers
  29. Switching to an income-driven repayment plan
  30. Government loan consolidation trade-offs
  31. Targeting extra payments across several fixed loans
  32. Pension contributions and loan deductions check
  33. Co-signer release application
  34. New job loan deduction set-up
  35. Moving abroad with a student loan
  36. Returning home and restarting payroll deductions
  37. Final payment and loan closure
  38. Confirming a loan is written off on time
  39. Student loan figures for a mortgage application
  40. Leaving university loan checklist
  41. Career breaks and part-time years below the threshold
  42. Hardship deferment or forbearance request
  43. Getting back on track after a loan default
  44. Repaying a student loan later in life
  45. Parent borrowers repaying a child's education loan
  46. Couples planning around two sets of student loans
  47. Public service forgiveness payment tracker
  48. Asking your employer for loan repayment help
  49. Formal complaint about a loan account error
  50. What happens to student loans on death

Where it starts.

Each project arrives with its purpose, milestones and first tasks written out. Here is how the first three read.

Every student loan listed on one page

Many graduates hold two or three loans on different plans, sometimes with different lenders, and only know the total on the latest statement. One page listing each loan's lender, plan type, original amount, current balance and interest rate is the base for every later decision in this area, from overpaying to moving abroad.

First tasks

  • List every loan you remember taking, year by year of study
  • Log in to each lender's account and copy the current balance and rate
  • Search old emails for loan agreements from lenders you have forgotten
  • Add up the total balance and the total you repay each month

Loan servicer login and contact details check

Letters about rate changes, missing income evidence or a payment problem go to whatever address and email the servicer holds, which for many graduates is still a university account or a parent's house. Getting into every account and updating the details takes an hour and prevents penalties that start with a letter nobody read.

First tasks

  • Reset the password on any loan account you cannot get into
  • Replace a university or parent's email address with your own
  • Update your postal address and phone number on every account
  • Confirm your contact details on each loan account are still current @recurring(yearly)

Identifying your repayment plan and its rules

Repayment rules depend entirely on which plan or scheme your loan sits under: the income threshold, the percentage taken, the interest formula and the year the debt is written off can all differ between two people who graduated a year apart. Writing down the rules for your own plan stops you following advice meant for someone else's.

First tasks

  • Find the plan or scheme name on your latest loan statement
  • Look up the official threshold, rate and write-off rule for that plan
  • Note whether repayments come through payroll, the tax return or direct debit
  • Write a short summary of the rules in your loan folder

Make it yours.

Install Student Loan Repayment, then tell Aurum the date you're aiming for. It checks whether the plan fits the weeks you actually have.

Free · Mac (Apple silicon) and Windows · v1.0.0 · Other platforms

Blueprints are general information to help you organise your own work. They are not medical, financial, legal or other professional advice. See the Terms.