Loan Repayment Options & Responsibilities Loan Replacement Options for Federal Loans All the information students need to repay their federal loans can be found here. Loan Counseling This highly interactive tool shows what federal student loans are outstanding and provides a personalized breakdown of income, expenses, and loans while in school and after graduation. Know Your Options for Repaying Student Loans Paying off student debt, federal and private loans can be confusing. This resource helps borrowers walk through options and optimize how to pay off federal and private student loans.