A student loan is borrowed funds designed to help students pay for tuition, books, and living expenses. Student Loans must be repaid with interest.
Usually, student loans will have a substantially lower interest rate and the repayment schedule may be deferred while the student is in higher education.
The average Class of 2015 graduates with student-loan debt has to pay back some $35,051, according to an analysis of government data by Mark Kantrowitz, publisher at Edvisors, a group of web sites about planning and paying for college. Students and families are paying for a greater portion of the college expenses through loans than ever before. Therefore, it's important that all loan borrowers be aware of their responsibilities.
Are you thinking about taking out a federal student loan to help pay for college or career school? Check out this video to learn about your responsibilities as a borrower and what you should consider when taking out loans for college. Visit studentaid.ed.gov for more info.
General Loan Information
- General Eligibility Requirements
- How to Apply for Loans
- Loan Disbursement Process
- Other Important Loan Information
- Title IV Loan Code of Conduct
- Office of Ombudsman
- Federal Direct Subsidized and Unsubsidized Loan Programs
- Federal Parent Loans for Undergraduate Students (FPLUS)
- Federal Graduate Loans
- Maximum Annual Loan Limits Chart
- Student Loan Repayment Options
- State Loans
- Loan Consolidation
- Deferment Navigator
Loan and Grant Counseling
This site will provide you with accurate information and assistance to help resolve defaulted loans or grants assigned to the Department’s Default Resolution Group
Loan Consolidation http://www.tgslc.org/borrowers/consolidate/index.cfm
Texas Guaranteed Student Loan Corporation
800-845-6267 or http://www.tgslc.org/
Federal Stafford Loan Information, Borrower Loan Inquiry
Texas Higher Education Coordinating Board
http://www.collegeforalltexans.com/ – State Grant, Scholarship and Loan information
National Student Loan Data System
U.S. Department of Education's central database for student aid
Federal Direct Consolidation