The National Student Loan Data System (or NSLDS) is a centralized database for student aid. Managed by the U.S. Department of Education, the NSLDS maintains details of all your federal student loan borrowing and repayment activity. This information is collated from the various organizations that administer and service federal student loans. Why You May Want …
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National Student Loan Debt Statistics: 2019
You hear quite a bit about student loan debt and the issues that arise from it here in the news. But have you ever had a chance to look at some of the statistics surrounding the money and debt involved? Here’s a quick rundown of some of the stats about Federal direct loans, private loans, …
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How To Balance A Job Search And School Loans At The Same Time
For many college graduates, it is the time immediately after the graduation ceremony that the ultimate “juggling act” begins. This is the time in which they must try to find a job while also paying down their school loans. If you are one of the thousands of recent college graduates who need to learn this …
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How Do Student Loans Work? Here Are the 8 Basic Steps!
If your savings, scholarships, and federal student loans don’t cover your college tuition, it’s time to consider private student loans. If you’re wondering “how do student loans work?” you’re definitely not alone. Therefore, to save you time, we’ve put together everything you need to know getting a private student loan. What you’ll learn about in …
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The Most Dangerous Thing You Can Do With Student Loans: Ignore Them
You know the phrase “out of sight, out of mind?” That should not apply to your student loans. It’s not something you can shove to the sidelines and “deal with later.” America is in the midst of a student loan crisis. Unless you want to become part of the statistic, you should come up with …
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Did You Know These 6 Things About Sallie Mae Student Loans?
Sallie Mae is the largest private student loan lender in the US and provides funding for all sorts of higher education pursuits—from undergraduate school to MBAs and plenty more. When it comes to student loans, it pays to shop around to know exactly what you’re signing up for. So, if you are looking for a …
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Private vs Federal Student Loans: Which You Should Pick First
College usually costs a lot of money. Many students end up taking out loans for college. When it comes to student loans, there are two main types: federal and private. Federal loans, as the name implies, comes from the federal government. Private loans are funded by lending companies like Sallie Mae or Credible. So private …
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Ways To Change Your Student Loan Interest Rate
When you take out a student loan, you’ll have an interest rate that you will have to pay on the amount that you borrow. For the most part, interest rates will remain consistent throughout the life of your loan (especially if you opted for a fixed rate). Interest rates greatly affect how you calculate student …
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4 Ways Student Loans Affect Your Credit Score
Understanding how student loans affect your credit score will help you make informed decisions that will protect your credit history. It can even help you build a strong credit score. A bad credit score makes it very difficult to get approved for any loans in the future. And those few lenders who are willing to …
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What Is Financial Awareness Counseling For Federal Student Loans?
Financial Awareness Counseling is online interactive tool. Provided by the federal government, the tool helps students understand their loans and their commitment as borrowers. All students and families who have federal student loans can access this tool by logging into their account on the Federal Student Aid site and clicking the Financial Awareness Counseling link. What …
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