Debt Management
Student loans are a serious legal obligation. It is important to learn about your loans and the importance of timely payments. Ignoring federal education loans can ruin your credit rating for life. Before graduating it is wise to carefully review all your loan obligations and consider loan repayment obligations when you establish your budget. Helpful sites:
- NSLDS Financial Aid Review services allows you to access your information online. You can get your account balance, loan status and disbursements.
- To find more information on federal student aid, access FAFSA on the Web, obtain a PIN (a number needed to apply for federal student aid), access The Student Guide and other federal student aid publications, find federal government resources for education, look up the status of your federal student loan, and obtain other useful information.
- Calculate what your monthly payment will be and learn to manage your loans wisely.
- Manage your Perkins Loan(s) from anywhere! Access account information, make e-payments, sign up for autodraft, change your address, etc.
- If something arises that makes it difficult for you to pay back your loans, deferment or forbearance may help you to adjust or postpone your loan payments. Learn more from Mapping-Your-Future.
- Student loan borrowers in default have options. The U.S. Department of Education's Collections Department is committed to assisting you if you are in default of your loan.
- Mapping Your Future's Debt helps you calculate how much income you will need to make your student loan payment.
- Salary Wizard provides average salaries for specific occupations and locations based on national salary surveys.
- The Federal Student Aid Ombudsman of the Department of Education helps resolve disputes and solve other problems with federal student loans.
Last Modified: Friday, August 29, 2008 11:28