Websites for Student Loans
Applying for student loans can be stressful and confusing, especially if you are uncertain about how to get started and what you need to do. Even if you have already applied for assistance or have an existing student loan, you may have additional questions or issues with which you need support. There are many resources available which can help you arm yourself with enough information in order to begin your student loan application or address your concerns.
The U.S. Department of Education:FAFSA
FAFSA Online Demo
The U.S. Department of Education's Free Application for Federal Student Aid (FAFSA) is typically the starting point for all candidates who wish to receive federal financial assistance. The FAFSA website is an excellent resource for finding out more about the types of loans and other aid available to students. FAFSA's site also supplies worksheets and tools for determining eligibility, as well as an online application for federal student aid. The site will provide you with details regarding what information you will need to have on hand when you begin your application. There is even a tool available which will allow you to input sample data into a practice form and walk through the actual application process so that you will feel more comfortable when it is time to complete your own FAFSA.
The U.S. Department of EducationWilliam D. Ford Federal Direct Loan Program
The federal government lends money directly to students in the form of Federal Direct Loans. The U.S.D.E.'s Federal Direct Loan site supplies information about interest rates, the types of loans available to parents and students, the application process, and how loans are disbursed to eligible individuals. The site also details deferment and forbearance options as well as consolidation and cancellation opportunities.
Sallie MaeSallie Mae, Incorporated, is a leading provider of loans to students. Its website contains a wealth of resources about the types of loans available for students and parents, including Federal Stafford and PLUS Loans. The site also provides information regarding private loans which may be available to graduate students and individuals not eligible for federal aid. In addition, SallieMae.com includes tools which can help you with managing your loans after graduation.
The U.S. Department of EducationOffice of the Ombudsman
If you have existing student loans and are experiencing difficulties, there are resources available to help you. The U.S.D.E.'s Office of the Ombudsman assists borrowers in resolving disputes regarding federal student loans. The Ombudsman's website has information about rehabilitating loans, consolidating loans, obtaining repayment relief, and determining how to best work out problems with your lender.
Student Loan Borrower Assistance
The National Consumer Law Center's Student Borrower Assistance Project provides information to borrowers and their families about their rights and options with regard to existing student loans.
National Student Loan Data System
The National Student Loan Data System (NSLDS) is an excellent tool for current borrowers who are uncertain about the details of their student loans. If you are unsure which type of loan you have or who your lender is, you can research it using this database.
Article Resources:
The U.S. Department of Education: FAFSAThe U.S. Department of Education: William D. Ford Federal Direct Loan Program
Sallie Mae
The U.S. Department of Education: Office of the Ombudsman
Student Loan Borrower Assistance
National Student Loan Data System
More articles on Financing Your Education | ||
