Stafford loans are for undergraduates, graduate and professional students attending school at least half-time. The fixed interest rate for undergraduate Stafford loans  first disbursed on or after July 1, 2019 and before […]

We changed the look and expanded the Student Loan Borrower Assistance web site this week.  We hope you find it easier to use. As of July 1, there are a […]

In response to the report we released on student loan debt relief last week, some companies have responded by saying that they are comparable to organizations that help taxpayers file their returns–something […]

Yes, but there are limits on how much government lenders can charge you. The amount of private loan collection fees must be described in the loan contract.

Yes.  The government will cancel any remaining balance on your federal student loans if you make payments for a certain amount of time through an income-driven repayment plan (IDR).  Under […]

Rehabilitation requires that you make nine reasonable and affordable payments in a ten month period.  You can get out of default faster through the Direct Loan consolidation program.  There are pros […]

There is a government deferment program for certain military service members as well as other programs for members of the military or National Guard serving on active duty.

NCLC released a new report today, Searching for Relief:  Desperate Borrowers and the Growing Student Loan Debt Relief Industry.   This industry has sprung up in response to the demand for […]

Perkins Loans (formerly called National Direct Student Loans, and before that National Defense Student Loans) are low-interest loans for both undergraduate and graduate students with exceptional financial need. Perkins Loans […]

You must request in writing that the extra amount be applied to principal. You have the right to pay off the loan as fast as you can without a penalty. […]