{"id":313,"date":"2021-09-24T16:23:49","date_gmt":"2021-09-24T16:23:49","guid":{"rendered":"https:\/\/www.butler.edu\/admission-aid\/financial-literacy-2\/"},"modified":"2026-03-04T10:58:58","modified_gmt":"2026-03-04T15:58:58","slug":"financial-literacy","status":"publish","type":"page","link":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/","title":{"rendered":"Financial Literacy &amp; Repayment"},"content":{"rendered":"<section class=\"wysiwyg wysiwyg-primary-block alignfull\" >\n\t<div class=\"container grid-default wysiwyg__container\">\n\t\t\t\t\t\t<nav class=\"sidebar-menu \" aria-label=\"Site Menu\" id=\"page-nav\">\n\t\t<div class=\"sidebar-menu__wrapper\">\n\t\t\t<header class=\"sidebar-menu__header\">\n\t\t\t\t<span class=\"sidebar-menu__headerLabel\">Financial Aid and Scholarships Menu<\/span>\n\n\t\t\t\t\t\t\t\t<button class=\"sidebar-menu__mobileToggle\" title=\"Toggle Menu\" :aria-expanded=\"mobileOpen\"><\/button>\n\t\t\t\t\t\t\t<\/header>\n\n\t\t\t<ul class=\"sidebar-menu__list\" v-show=\"mobileOpen\">\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/first-year\/\" class=\"sidebar-menu__listLink\" >First-Year Students Aid <\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/transfer\/\" class=\"sidebar-menu__listLink\" >Transfer Students Aid <\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/international\/\" class=\"sidebar-menu__listLink\" >International Students Aid <\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/graduate\/\" class=\"sidebar-menu__listLink\" >Graduate Students Aid<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/current\/\" class=\"sidebar-menu__listLink\" >Current Students Aid<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/fafsa\/\" class=\"sidebar-menu__listLink\" >Filing the FAFSA<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/obbba\/\" class=\"sidebar-menu__listLink\" >Important Financial Aid Changes (2026\u20132027)<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem initial-item\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-aid-cycle\/\" class=\"sidebar-menu__listLink\" >The Financial Aid Cycle<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financing-options\/\" class=\"sidebar-menu__listLink\" >Financing Options<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<li class=\"sidebar-menu__listItem hide-overflow\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/scholarship-renewal-criteria\/\" class=\"sidebar-menu__listLink\" >Scholarship Renewal Criteria<\/a>\n\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<\/ul>\n\t\t<\/div>\n\t\t\t\t<button class=\"sidebar-menu__desktopToggle\" v-text=\"desktopLabel\" :aria-expanded=\"desktopOpen\">More Links<\/button>\n\t\t\t<\/nav>\n\t\t\t\t<div class=\"wysiwyg__wrapper wysiwyg__wrapper--hasSidebar\">\n\t\t\t<!-- content from editor -->\n\t\t\t<div class=\"wysiwyg__content wysiwyg__contentContainer\">\n\t\t\t\t<div class=\"acf-innerblocks-container\">\n\n<h1 class=\"wp-block-heading\" id=\"h-financial-literacy-amp-repayment\">Financial Literacy &amp; Repayment<\/h1>\n\n\n\n<p>There are many resources available to assist you in borrowing responsibly while in school and repaying your federal student loans after leaving Butler. We encourage you to review all of your options and, most importantly, to understand there are no fees charged for consolidating your federal student loans or selecting\/changing your payment plan. If you are contacted by someone offering these services for a fee, you are not dealing with a federal loan servicer. <strong>You should never pay for these services.<\/strong><\/p>\n\n\n\n<p>To find your loan servicer information, log in to&nbsp;<a data-auth=\"NotApplicable\" data-linkindex=\"3\" href=\"http:\/\/www.studentaid.gov\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.studentaid.gov<\/a>&nbsp;to view your dashboard or call the Federal Student Aid Information Center at 1-800-433-3243.<\/p>\n\n\n\n<p>If you are unsure who your federal loan servicer is, you can find your servicer&#8217;s name and contact information at the <a href=\"https:\/\/nsldsfap.ed.gov\/\" rel=\"noopener\" target=\"_blank\">National Student Loan Data System (NSLDS)<\/a>.<\/p>\n\n\n\n<p>Please review the sections below for information about each stage of the student loan process.<\/p>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-69a856c17839b-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-69a856c17839b_acc-content-panel'>\n\t\t\t<div id='block_acf-block-69a856c17839b-acc-title' class='acc-title'>\n\t\t\t\tIn School\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-69a856c17839b-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-69a856c17839b-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-69a856c17839b-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<p>The first step in borrowing responsibly is ensuring you do not borrow more than you need. Here are some ways you can limit the amount you borrow:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Complete the FAFSA by March 1 each year. March 1&nbsp;is Butler&#8217;s priority deadline and will ensure you receive maximum consideration for all gift assistance as well as consideration for state aid if you are an Indiana resident.<\/li>\n\n\n\n<li>Apply for outside scholarships. You can apply for scholarships throughout your academic career. You can search for outside scholarships through websites like:\n<ul class=\"wp-block-list\">\n<li><a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"http:\/\/www.collegeboard.org\/\" rel=\"noopener\" target=\"_blank\">collegeboard.org<\/a><\/li>\n\n\n\n<li><a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"http:\/\/www.collegenet.com\/\" rel=\"noopener\" target=\"_blank\">collegenet.com<\/a><\/li>\n\n\n\n<li><a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"http:\/\/www.fastweb.com\/\" rel=\"noopener\" target=\"_blank\">fastweb.com<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.scholarships.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">scholarships.com<\/a><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Pay the accruing interest on Federal Direct Unsubsidized Loans. When you enter repayment on &nbsp;your loans any unpaid interest will capitalize and be added to your principal loan balance. Paying the interest as it accrues will lower your monthly payments in the future.<\/li>\n\n\n\n<li>Know the total amount you have borrowed. We recommend that students complete Financial Awareness Counseling at least once per year at&nbsp;<a href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">Studentaid.gov<\/a>. This interactive counseling session will allow you to track your borrowing, provide you with information on the basics of financial management and budgeting, as well as help you estimate your future monthly loan payment.<\/li>\n<\/ul>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-69a856c17839b-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-69a856c17839b-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-69a856c17839b-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-69a856c17839b-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-69a856c17839b-acc-title' );\n\n\t\t\t$( '#block_acf-block-69a856c17839b-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-69a856c1783bb-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-69a856c1783bb_acc-content-panel'>\n\t\t\t<div id='block_acf-block-69a856c1783bb-acc-title' class='acc-title'>\n\t\t\t\tAt Graduation\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-69a856c1783bb-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-69a856c1783bb-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-69a856c1783bb-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<ul class=\"wp-block-list\">\n<li>Complete loan exit counseling. You will receive notification from the Office of Financial Aid during your last semester advising you to complete this required counseling. &nbsp;This interactive counseling session will inform you of your Federal Direct Loan balance, describe the available repayment plan options, and allow you to compare monthly payments for each plan.<\/li>\n\n\n\n<li>Keep your loan servicer in the loop. It is important to keep your federal loan servicer up to date with your current contact information. If you move or get a new email address, let your servicer know so you do not miss out on important communications from them.<\/li>\n\n\n\n<li>Sign up for online account access. You have the ability to sign up for online account access with your federal loan servicer. Through their site, you can update your contact information, see when loan payments are due, and select your repayment plan.<\/li>\n\n\n\n<li>Start budgeting. Keep track of your monthly income and expenses. &nbsp;This will make it easier when you begin repayment on your Federal Direct Loans to incorporate those monthly payments into your budget. Remember that repayment begins six months after you graduate, so use that time wisely to prepare for when repayment will begin.<\/li>\n<\/ul>\n\n\n\n<p>For more information on preparing to repay your loans, <a href=\"https:\/\/www.youtube.com\/watch?v=Urn7LMLNfX0&amp;list=PL5C43A3FD801FDF45&amp;index=1\" target=\"_blank\" rel=\"noreferrer noopener\">watch this video<\/a> from Federal Student Aid.<\/p>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-69a856c1783bb-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-69a856c1783bb-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-69a856c1783bb-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-69a856c1783bb-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-69a856c1783bb-acc-title' );\n\n\t\t\t$( '#block_acf-block-69a856c1783bb-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-69a856c1783d6-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-69a856c1783d6_acc-content-panel'>\n\t\t\t<div id='block_acf-block-69a856c1783d6-acc-title' class='acc-title'>\n\t\t\t\tIn Repayment\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-69a856c1783d6-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-69a856c1783d6-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-69a856c1783d6-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<ul class=\"wp-block-list\">\n<li>Automate your payments. Sign up for auto-debit through your federal loan servicer to ensure you never miss a payment.<\/li>\n\n\n\n<li>Prevent delinquency and default. If you are having difficulty repaying your loans, contact your loan servicer. There are many options available to assist you in loan repayment, which may include:\n<ul class=\"wp-block-list\">\n<li>Changing your payment due date<\/li>\n\n\n\n<li>Changing your repayment plan.&nbsp;Check out&nbsp;<a href=\"https:\/\/studentaid.gov\/loan-simulator\/\">these repayment calculators<\/a> for different loan repayment options<\/li>\n\n\n\n<li>Consolidating your loans<\/li>\n\n\n\n<li>Requesting a deferment or forbearance<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>To find your federal student loan balances, log into your account at&nbsp;<a href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">Studentaid.gov<\/a>. For private loan balances, you will need contact your loan servicer or check your credit report.<\/li>\n<\/ul>\n\n\n\n<p>For more information on how to manage your student loans,&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=Urn7LMLNfX0&amp;list=PL5C43A3FD801FDF45&amp;index=1\" target=\"_blank\" rel=\"noreferrer noopener\">watch this video<\/a>&nbsp;from Federal Student Aid.<\/p>\n\n\n\n<p><strong>Student Loan Repayment Resources<\/strong><\/p>\n\n\n\n<p><strong>Student Connections<\/strong>: To help you take control of your student loan repayment, Butler University has partnered with Student Connections. They offer FREE counseling and resources designed to help you navigate the maze of repayment options available to you. <\/p>\n\n\n\n<p>You can contact a borrower advocate by calling (866) 311-9450. Student Connection Borrower Advocates are available Monday through Friday, 9:00 AM to 6:00 PM ET.<\/p>\n\n\n\n<p>You may also find answers to common student loan questions at <a href=\"https:\/\/my.studentconnections.com\/\">Student Connections<\/a>. <\/p>\n\n\n\n<p><a href=\"https:\/\/mappingyourfuture.org\/pay-for-college\/student-loan-payment-repayment-calculator\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mapping Your Future: Mapping Your Future&#8217;s calculators help borrowers with return to repayment<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.nasfaa.org\/repayment_toolkit\">Student Loan Repayment Toolkit (nasfaa.org)<\/a><\/p>\n\n\n\n<p>For more information on the new SAVE Repayment Plan, visit <a href=\"https:\/\/studentaid.gov\/announcements-events\/save-plan\" target=\"_blank\" rel=\"noreferrer noopener\">Studentaid.gov<\/a>.<\/p>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-69a856c1783d6-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-69a856c1783d6-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-69a856c1783d6-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-69a856c1783d6-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-69a856c1783d6-acc-title' );\n\n\t\t\t$( '#block_acf-block-69a856c1783d6-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n\n\n<div class=\"acc-flex-container\">\n\t<div class=\"acc-title-container\" role=\"heading\" aria-level=\"3\">\n\t\t<button id='block_acf-block-69a856c1783f6-acc-row' class='acc-row' type='button' aria-expanded='false' aria-controls='block_acf-block-69a856c1783f6_acc-content-panel'>\n\t\t\t<div id='block_acf-block-69a856c1783f6-acc-title' class='acc-title'>\n\t\t\t\tConsolidation\t\t\t<\/div>\n\t\t\t<img alt=\"\" id='block_acf-block-69a856c1783f6-acc-img' class='acc-icon' src='https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png' \/>\n\t\t<\/button>\n\t<\/div>\n\t<div role=\"region\" aria-hidden='true'\n\t\tid='block_acf-block-69a856c1783f6-acc-content-panel' class='acc-panel' aria-labelledby=\"block_acf-block-69a856c1783f6-acc-row\">\n\t\t<div class=\"acf-innerblocks-container\">\n\n<h4 class=\"wp-block-heading\" id=\"h-what-is-consolidation\">What is consolidation?<\/h4>\n\n\n\n<p>Direct Loan Consolidation is an option to simplify your loan repayment process. It allows you to take the federal loans you have accumulated throughout your college career and combine them into one loan with a single monthly payment. This option may lower your monthly payment by extending the repayment period and offer the possibility of switching variable rate loans to a fixed rate loan. Generally, you are eligible to consolidate after you graduate, leave school or drop below half-time enrollment. Check out the other advantages of consolidating your federal education loans at the&nbsp;<a href=\"http:\/\/studentaid.gov\" target=\"_blank\" rel=\"noreferrer noopener\">Federal Student Aid website<\/a>.<\/p>\n\n\n\n<p>Private student loans cannot be consolidated with your federal student loans. However, your private lender may offer a consolidation option or you may be able to go through another private loan consolidation servicer. A new credit check may be required when consolidating private loans and some have found that repayment under their original plans is a better option. For more information on consolidating private student loans, please review&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"http:\/\/www.finaid.org\/loans\/privateconsolidation.phtml\" target=\"_blank\" rel=\"noopener\">FinAid.org<\/a>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"h-how-do-i-consolidate-my-loans\">How do I consolidate my loans?<\/h4>\n\n\n\n<p>Applications for Direct Loan consolidation can be found at&nbsp;<a href=\"https:\/\/studentaid.gov\/\" target=\"_blank\" rel=\"noreferrer noopener\">Studentaid.gov<\/a>. You can complete and submit the application online, or you can download and print a paper application from StudentLoans.gov for submission by U.S. mail.<\/p>\n\n\n\n<p>To consolidate your private loans, you will need to contact your lender. For additional information on consolidation from the following private lenders please visit:&nbsp; <a href=\"https:\/\/www.nelnetbank.com\/private-student-loans\/?utm_source=school_list&amp;utm_medium=link_referral&amp;utm_campaign=psl_shool_list_referral&amp;product_code=s\" target=\"_blank\" rel=\"noreferrer noopener\">Nelnet<\/a>, <a href=\"https:\/\/www.sofi.com\/private-student-loans\/\" target=\"_blank\" rel=\"noreferrer noopener\">SoFi<\/a>, <a href=\"https:\/\/www.collegeave.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">College Ave<\/a>, and&nbsp;<a aria-label=\"To make this website accessible to screen reader, Press combination of alt and 1 keys. To stop getting this message, press the combination of alt and 2 keys\" href=\"https:\/\/www.citizensbank.com\/money-tips\/student-loans\/what-to-consider-before-consolidating-loans.aspx\" target=\"_blank\" rel=\"noopener\">Citizens Bank<\/a>.<\/p>\n\n<\/div>\t<\/div>\n\t<script type=\"text\/javascript\">\n\t\t( function( $ ) {\n\t\t\tlet panel = document.getElementById('block_acf-block-69a856c1783f6-acc-content-panel');\n\n\t\t\t\/*\n\t\t\t * Need to set a value for maxHeight to initialize the accordion properly.\n\t\t\t * If we don't include this conditional, the accordion doesn't nicely transition to open\/close on the first click.\n\t\t\t *\/\n\t\t\tif ( 1 == 0 ) {\n\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t} else {\n\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t}\n\n\t\t\t$( '#block_acf-block-69a856c1783f6-acc-row' ).off( 'click' ).on( 'click', ( function() {\n\t\t\t\tlet row = document.getElementById( 'block_acf-block-69a856c1783f6-acc-row' );\n\t\t\t\tlet acc_img = document.getElementById( 'block_acf-block-69a856c1783f6-acc-img' );\n\t\t\t\t\/*\n\t\t\t\t * If the panel is open, close it by setting its height to 0px.\n\t\t\t\t * If it's closed, i.e. its height is 0px, open it b setting its height to fit-content if in backend, or scrollHeight if frontend.\n\t\t\t\t * This is necessary because transitions do not work on height: fit-content, causing the accordion to snap open and shut instantly.\n\t\t\t\t *\/\n\t\t\t\tif ( panel.style.maxHeight != '0px' ) {\n\t\t\t\t\tpanel.style.maxHeight = '0px';\n\t\t\t\t} else {\n\t\t\t\t\tpanel.style.maxHeight = 0 == 1 ? 'fit-content' : panel.scrollHeight + 'px';\n\t\t\t\t}\n\n\t\t\t\tlet expanded = row.getAttribute( 'aria-expanded' );\n\t\t\t\tif ( expanded == 'true' ) {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'false' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'true' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_open.png';\n\t\t\t\t} else {\n\t\t\t\t\trow.setAttribute( 'aria-expanded', 'true' );\n\t\t\t\t\tpanel.setAttribute( 'aria-hidden', 'false' );\n\t\t\t\t\tacc_img.src = 'https:\/\/www.butler.edu\/admission-aid\/wp-content\/plugins\/butler-acf-blocks-new\/assets\/images\/nav_main_icon_close.png';\n\t\t\t\t}\n\t\t\t} ) ); \/\/End .click\n\n\t\t\tlet highlightColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-blue-bright' );\n\t\t\tlet textColor = getComputedStyle( document.documentElement ).getPropertyValue( '--color-theme-primary' );\n\t\t\tlet title = document.getElementById( 'block_acf-block-69a856c1783f6-acc-title' );\n\n\t\t\t$( '#block_acf-block-69a856c1783f6-acc-row' ).hover( function() {\n\t\t\t\ttitle.style.backgroundColor = highlightColor;\n\t\t\t\ttitle.style.color = textColor;\n\t\t\t}, function() {\n\t\t\t\ttitle.style.backgroundColor = '';\n\t\t\t\ttitle.style.color = '';\n\t\t\t} ); \/\/End .hover\n\n\t\t} )( jQuery );\n\t<\/script>\n<\/div>\n\n<\/div>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n\n\n\n<div style=\"height:100px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":14,"featured_media":0,"parent":578,"menu_order":0,"comment_status":"open","ping_status":"open","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-313","page","type-page","status-publish","hentry"],"revision_note":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.2 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Financial Literacy &amp; Repayment | Butler University<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Literacy &amp; Repayment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/\" \/>\n<meta property=\"og:site_name\" content=\"Admission &amp; Aid\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/butleruniversity\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-04T15:58:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.butler.edu\/www\/sites\/4\/2022\/02\/08101418\/butler-social.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@butleru\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/\",\"url\":\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/\",\"name\":\"Financial Literacy &amp; Repayment | Butler University\",\"isPartOf\":{\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/#website\"},\"datePublished\":\"2021-09-24T16:23:49+00:00\",\"dateModified\":\"2026-03-04T15:58:58+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.butler.edu\/admission-aid\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Aid &amp; Scholarships\",\"item\":\"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Financial Literacy &amp; Repayment\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/#website\",\"url\":\"https:\/\/www.butler.edu\/admission-aid\/\",\"name\":\"Admission &amp; Aid\",\"description\":\"Just another www.butler.edu Sites site\",\"publisher\":{\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.butler.edu\/admission-aid\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/#organization\",\"name\":\"Butler University\",\"url\":\"https:\/\/www.butler.edu\/admission-aid\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.butler.edu\/admission-aid\/wp-content\/uploads\/sites\/4\/2022\/01\/cropped-fav-compress.jpg\",\"contentUrl\":\"https:\/\/www.butler.edu\/admission-aid\/wp-content\/uploads\/sites\/4\/2022\/01\/cropped-fav-compress.jpg\",\"width\":512,\"height\":512,\"caption\":\"Butler University\"},\"image\":{\"@id\":\"https:\/\/www.butler.edu\/admission-aid\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/butleruniversity\",\"https:\/\/x.com\/butleru\",\"http:\/\/instagram.com\/butleru\",\"https:\/\/www.linkedin.com\/school\/14798\/\",\"https:\/\/www.youtube.com\/user\/butleruniversity\",\"https:\/\/en.wikipedia.org\/wiki\/Butler_University\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Financial Literacy &amp; Repayment | Butler University","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/","og_locale":"en_US","og_type":"article","og_title":"Financial Literacy &amp; Repayment","og_url":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/","og_site_name":"Admission &amp; Aid","article_publisher":"https:\/\/www.facebook.com\/butleruniversity","article_modified_time":"2026-03-04T15:58:58+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/cdn.butler.edu\/www\/sites\/4\/2022\/02\/08101418\/butler-social.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@butleru","twitter_misc":{"Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/","url":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/","name":"Financial Literacy &amp; Repayment | Butler University","isPartOf":{"@id":"https:\/\/www.butler.edu\/admission-aid\/#website"},"datePublished":"2021-09-24T16:23:49+00:00","dateModified":"2026-03-04T15:58:58+00:00","breadcrumb":{"@id":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/financial-literacy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.butler.edu\/admission-aid\/"},{"@type":"ListItem","position":2,"name":"Financial Aid &amp; Scholarships","item":"https:\/\/www.butler.edu\/admission-aid\/financial-aid-scholarships\/"},{"@type":"ListItem","position":3,"name":"Financial Literacy &amp; Repayment"}]},{"@type":"WebSite","@id":"https:\/\/www.butler.edu\/admission-aid\/#website","url":"https:\/\/www.butler.edu\/admission-aid\/","name":"Admission &amp; Aid","description":"Just another www.butler.edu Sites site","publisher":{"@id":"https:\/\/www.butler.edu\/admission-aid\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.butler.edu\/admission-aid\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.butler.edu\/admission-aid\/#organization","name":"Butler University","url":"https:\/\/www.butler.edu\/admission-aid\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.butler.edu\/admission-aid\/#\/schema\/logo\/image\/","url":"https:\/\/www.butler.edu\/admission-aid\/wp-content\/uploads\/sites\/4\/2022\/01\/cropped-fav-compress.jpg","contentUrl":"https:\/\/www.butler.edu\/admission-aid\/wp-content\/uploads\/sites\/4\/2022\/01\/cropped-fav-compress.jpg","width":512,"height":512,"caption":"Butler University"},"image":{"@id":"https:\/\/www.butler.edu\/admission-aid\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/butleruniversity","https:\/\/x.com\/butleru","http:\/\/instagram.com\/butleru","https:\/\/www.linkedin.com\/school\/14798\/","https:\/\/www.youtube.com\/user\/butleruniversity","https:\/\/en.wikipedia.org\/wiki\/Butler_University"]}]}},"_links":{"self":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/comments?post=313"}],"version-history":[{"count":47,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/313\/revisions"}],"predecessor-version":[{"id":17268,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/313\/revisions\/17268"}],"up":[{"embeddable":true,"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/pages\/578"}],"wp:attachment":[{"href":"https:\/\/www.butler.edu\/admission-aid\/wp-json\/wp\/v2\/media?parent=313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}