A TikTok video by Erika Kullberg has gone viral after showing how she paid off $ 225,000 in student loans over two years.
According to the creator of TikTok, here are three online tools that have helped her along the way: unbury.me, studentaid.gov, and nsldsfap.ed.gov.
The National Student Loans Data System (or NSLDS for short) is a simple but crucial tool for all students who take out and repay student loans. He can help get basic information about federal loans.
As suggested by Kullberg, this guide will explain what Student Support Systems and NSLDS are, how to use them, and what information they can access through the portal.
Federal student aid is responsible for the administration of the student financial aid programs under Title IV of the Higher Education Act of 1965. Scholarships, work-study funding and loans are available to students attending a college or vocational school under these programs.
There are many ways the FSA can help students and their families. Here are just a few:
issuing, auditing and reporting all federal student aid funds distributed to students each year through more than 6,000 universities and vocational schools;
administer the existing federal student loan portfolio and secure repayment of federal student loans from borrowers;
provide students, parents and borrowers with free support throughout the financial aid process; and
ensure compliance with the laws, regulations and procedures governing federal student aid programs by supervising and monitoring all program participants – schools, financial entities and students.
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According to The financial effect, unbury.me is a debt calculator that visualizes your debt and the progress of your payments by putting your student loan information in a simple interface.
Federal Student Aid is a division of the United States Department of Education.
The Department of Education is the largest provider of student financial aid in the country.
Each year, more than 1,300 Federal Student Aid Office employees help more than 13 million students pay for their college or vocational education by distributing more than $ 120 billion in federal grants, study funding and loans to more than 13 million students.
According to Credible, the National Security Letter Database System (NSLDS) is a database maintained by the United States government.
The Department of Education will compile loan and grant statistics for all students who use federal funds to pay for their education, both during enrollment and after graduation.
Borrowers can use the NSLDS to get an overview of all their information on federal loans and grants.
Users can see the types of loans they have, the original amount borrowed for each loan, current loan balances and statuses, and the loan provider or holder when they log into the portal as explained. through NSLDS.
While this information seems basic, keep in mind that many students will take out loans before they even start their studies and will not start paying them back until after graduation.
The NSLDS is also a great tool for students paying off their loans, as it provides a quick overview of the total amount owed.
If students need extra motivation, they can log into the NSLDS regularly to watch their loan balances decline as they make their payments.
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