Student Loan Responsibility Information

Hondros College of Nursing (HCN), in collaboration with the Educational Credit Management Corporation (ECMC), is dedicated to supporting our students with their loan responsibilities. Our goal is to educate you on effective repayment strategies and address any issues with delinquent payments. Please take advantage of the resources provided and download the attachments at the bottom of this page to assist you in your repayment journey.

Defaulting on a student loan can lead to serious legal and financial consequences, including wage garnishment, withholding of tax refunds, and, in some instances, suspension of a Nursing License. To avoid these outcomes, please take the following steps:

1. Review Your Loan Status: Ensure that your federal student loans are not in default. You can check your loan status by visiting the U.S. Department of Education Office of Federal Student Aid website located at https://studentaid.gov 
2. Update Your Information: Log in to https://studentaid.govusing your username and password. Update your profile with your current contact information and verify that your loans are in good standing
3. Explore Repayment Options: Review the various federal repayment options available to you at https://studentaid.gov

For assistance with your student loans, please visit ECMC at https://www.ecmcsolutions.org/appt  to set up an appointment with a counselor, or call ECMC at 877-331-3262. 

Federal Student Loan Repayment

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  Federal Student Loan Repayment

Step 1: Understand that you have an obligation to repay federal student loans.
Step 2: Log into studentaid.gov  to review your loan information.
Step 3: Update your profile with current contact information.
Step 4: Review the different repayment options if your account is not in good standing.

  Repayment Road to Success

  Consequences of Missing Student Loan Payments

1 Day Late: Your loan is now past due and you are considered delinquent.

90 Days Late: Your loan servicer will begin to report to credit bureaus, which will impact your credit score and future borrowing ability.

360 Days Late: Your loan goes into default which comes with serious consequences such as wage garnishment, withholding of tax refunds and loss of eligibility of future borrowing.