What kind of loans do you have?
There are so many different kinds of student loans out there it may be a little hard to navigate the seas of debt. Luckily there are people out there willing to assist us all.
- The Department of Education runs Federal Student Aid Information Center where you can talk to a representative who can explain the differences of each kind of loan and what your options are. Simply call 1-800-4-FED-AID (1-800-433-3243), press 1 for an English menu and 3 to speak with a live person. They can look up your individual accounts and lead you down the best possible path.
- FINAID.COM is supposed to be a resource for new students searching for financial aid, but there is excellent information on their loans page to determine whether you are holding Stafford, Perkins, PLUS loans, etc and what the differences are between them.
- Finally, the US Department of Education is working on putting up a Comprehensive Resource Guide to Financial Aid. This isn't quite finished yet, but should be available soon.