Tag Archives: Student Loans

New Student Loan Repayment Option to Help Recent Graduates

For many recent college graduates, monthly student loan payments can be overwhelming. The good news is that a measure of relief is on the way for more than a million borrowers. The Obama Administration recently announced changes that will allow … Continue reading

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What Is a Loan Servicer and Why Should I Care?

So you took out a federal student loan and now it’s time to pay it back. I was in your exact position a year ago and even though I was working at Federal Student Aid, the student loan repayment process … Continue reading

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Which Student Loan Repayment Plan Should You Choose?

Student loan repayment season is nearing, and recent college graduates may be trying to understand the different types of repayment plans, and which ones may be best for them.  Let’s explore what repayment plans exist for federal student loans, and … Continue reading

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3 Things to Do During Your Student Loan Grace Period

Your student loan grace period is a set amount of time after you graduate, leave school, or drop below half-time enrollment, but before you must begin repayment on your loan. The grace period gives you time to get financially settled … Continue reading

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Five Things to Know About Your Student Loans

Over the next few months, many students who graduated or left school in the spring of 2012 will reach the end of their grace period and start repaying their student loans. Now is a great time to brush up on … Continue reading

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ED launches new, mobile-optimized site: StudentAid.gov

If you’re a student thinking about college or career school or a borrower already in repayment, the U.S. Department of Education’s office of Federal Student Aid has launched some exciting new tools to help you through the financial aid process. … Continue reading

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New Tool Helps Students Manage Loan Debt

The Department of Education launched a new tool this week that helps students with financial management basics including information about current loan debt and estimates for student loan debt levels after graduation. The new tool—the Financial Awareness Counseling Tool—has five … Continue reading

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June’s #AskFAFSA Office Hours Explores Student Loan Repayment Options

During June’s #AskFAFSA Office Hours, we featured  three recent student loan borrowers from a variety of fields who are using various resources (some more out of the box than others) to repay their student loans. Joe, Tiffany and Ian answered … Continue reading

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White House Office Hours with Secretary of Education Arne Duncan

Cross-posted from the White House Blog. Secretary of Education Arne Duncan is joining us for special session of White House Office Hours on Wednesday, June 27th at 2:00 p.m. EDT. During a live Q&A on Twitter, Secretary Duncan will answer … Continue reading

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Take Politics Out of Student Loan Process

This op-ed appeared in today’s edition of Politico. Last month, I had the honor of giving the commencement address at Howard University. I was filled with hope and inspiration looking out at the faces of all those young people, often … Continue reading

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Income Based Repayment: Everything You Need to Know

Cross-posted from the White House blog. Over the past several years, the Obama Administration has worked to improve repayment options available to responsible student loan borrowers. Since 2009, former students have been able to enroll in an “Income Based Repayment” … Continue reading

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April “School Days” Highlights Potential Increase in Student Loan Rate

In the just-released April 2012 edition of “School Days,” the monthly video journal of the U.S. Department of Education, President Obama calls for quick action by the Congress to avoid a dramatic increase in the interest rate for Federal college … Continue reading

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