Student Loans

Smart Loan Borrowing

Student loan debt clock

This clock reports an estimate of current student loan debt outstanding, including both federal and private student loans. Want to see this amount reduce? Check out the resources below on Smart Borrowing?

Check out this video on 'Responsible Borrowing'

Important Links and Apps

Student Loan Debt Relief

Beware of companies that specialize in student loan debt relief. These companies charge large up-front or monthly fees for federal student aid services offered by the Department of Education and its student loan services for free. Such services include:

In December 2014, the Consumer Financial Protection Bureau issued a consumer advisory ( concerning third-party debt relief companies that schools may wish to use in informing students about these companies.

The advisory includes four warning signs of third-party debt relief companies that student loan borrowers should avoid, including:

The above information is from the U.S. Department of Education Office of Federal Student Aid Electronic Announcement, March 30, 2016.

FTC Takes Action in Student Loan Debt Relief Scam Sweep

Federal Trade Commission: SoFi Misled Consumers About Student Loan Refinancing Savings