Can I pay my bill online?

Currently we do not offer online bill pay. When online payments become available, we will notify you through your statement and this website.You may consider signing up for electronic payments. The electronic payment form must be completed, signed and returned to our office with a voided check.

I am currently enrolled. Why am I being billed?

Students enrolled at least half-time at an accredited college or university are eligible to have their loan principal and interest deferred. You must send enrollment verification to our office at the beginning of each semester you are eligible. For your convenience the deferment form is now available on our website. However, your school's registrar may use their own enrollment verification form. Documents must be mailed (not faxed) to our office.

I have misplaced my statement. How can I make a payment?

You can mail a check directly to our office. Please write your student number on the check and mail to:

Student Loan Collections

G-6 Parker Hall

1870 Miner Circle

Rolla, MO 65409

I am unable to repay my loan at this time. What should I do?

If you are unable to meet your loan obligation, please contact our office immediately. Your loan status is reported monthly to the national credit bureaus. There are several federal and university programs designed to assist borrowers in time of financial hardship. However, you must contact us before your loan is considered in default to participate. As a reminder, most student loans are not dischargeable in bankruptcy.

I am a teacher, do I qualify for cancellation?

Federal programs exist that allow partial or full cancellation of the principal and interest. Please consult our Cancellation Eligibility Form.

Can I consolidate my loan?

Only Federally funded loans are eligible for consolidation. Perkins, Stafford, PLUS, and Direct loans may be consolidated. University loans, such as the Gold, McBride, and Armstrong Loans are privately funded, making them ineligible for consolidation.

What are the advantages of consolidation?

Consolidation allows you to combine your eligible loans into a single loan payment. The consolidation company generally allows to extend the time to repay from 10 years to 30 years, making the monthly payments smaller.

What are the disadvantages of consolidation?

Because consolidating lenders extended time to repay your loan, the amount of interest paid over the life of the loan is greater. Also, once loans are consolidated, they are ineligible for cancellation. There are several provisions for canceling a portion or entire loan based on federal regulations.

Can you recommend a consolidation company?

We cannot recommend one company over another, however below is a list of sites of some common lenders:

• Direct Loans
• Sallie Mae
• Collegiate Funding Services
• Mohela

How can I determine how much interest I paid on my student loans last year?

Interest statements are sent in January. Students paying on loans administered by Missouri S&T will receive a 1098-E. Please contact our office prior to January 1st as we may need to update your address.