Graduate Loan Repayment

Loan repayment can seem daunting. These resources will help you create and follow through on your repayment plan.

Borrower Responsibility

As a borrower, you are responsible for paying your loans back. If you do not repay your loans, the following will happen:

Past DueResult
30 days 1 month reported past due to the credit bureau.
60-120 days Loan is reported as delinquent to the credit bureau.
120+ days Loan goes to a collections company. Loan is reported to the credit bureau as being in collections.

Loans that are past due in repayment accrue past due interest, late fees and collections fees if the loan goes into collections. The borrower is responsible for paying these extra fees. In addition, the borrower's credit report will be affected for a minimum of seven years.

Help is Available

There are consequences to defaulting on your loan, but never fear! There are plenty of resources available to help you create and stick to your repayment plan. You can always contact the Student Financial Services team for help at  

Billy Graham Center Scholars Loan Forgiveness

This program offers loan forgiveness to Billy Graham Center Scholars based on the fulfillment of requirements of full-time Christian ministry and regular reporting after graduation. Learn more

Loan Repayment and Management Resources

Loan Repayment Calculator

This loan calculator computes an estimate of the size of your monthly loan payments and the annual salary required to manage them without too much financial difficulty. It can be used with Federal education loans (Stafford, Perkins and PLUS) and most private student loans.

Exit Counseling

Exit Counseling is required for all students who take out the following loans:

Wheaton College is the lender for the Federal Perkins, and the Institutional loans above. Wheaton College uses a third-party servicer, University Accounting Service (UAS), as the loan holder. You can view your loan at any time on the UAS website.

For more information, please contact Student Financial Services: or 630.752.5700.

Financial Literacy

Visit for more information on student loan debt, monthly budgets, career choices, and much more.