Students & Alumni

Student Loan Resources

Students & Alumni

Student Loan Resources

Student Loan Basics

Financial aid can be complicated and confusing, but for many, it’s essential to obtaining a college degree. Learn these basics before you borrow.

Intro to Financial Aid

Types of Financial Aid
Financial Aid Timeline
Applying for Financial Aid
Understanding Your Financial Aid Award Letter

Other Financial Aid Resources

On the Web
Saltmoney.org

Our free online program to help you take control of your student loans, money, and career.

Federal Student Aid

Federal student aid resources, regulations, and information from the U.S. Department of Education.

The College Board

Information about college planning, admissions tests, applications, and finding financial aid.

Consumer Finance Protection Bureau

A free college cost and financial aid comparison tool to help you plan for now, and after graduation.

Fastweb

An online search tool that provides access to over 1.5 million scholarships in one place.

IEFA, the United Negro College Fund, and A Better Chance

Specialized financial aid resources.

In Massachusetts
ASA College Planning Centers

In-person college, career, and financial aid planning and guidance for young people and adults.

MassEDCO

Counseling for adults looking to return to school, advance their career, or pay for their education, via Educational Opportunity Centers.

Boston Youthzone Scholarship Guide

A network of community organizations and businesses that provide guidance, mentorship, and skills to young adults.

FAFSA Day

A non-profit offering free assistance to students and families filling out the Free Application for Federal Student Aid (FAFSA).

National Events

To help students and families prepare their financial aid applications, many states take part in the nationwide initiatives College Goal Sunday or FAFSA Day.

Successful Repayment

Successfully repaying your student loans means staying informed and knowing all your options. We’ll help you do both.

Repayment Schedules & Options

You have options when it comes to paying back your student loans. Click below to learn more about repaying your unique loan. If you’re struggling, you may be able to change your repayment plan, or pause or have your payments forgiven.

Contact Us, studentloans.gov, or your loan servicer to learn more.

Repaying Federal Student Loans
Repaying Perkins Loans
Repaying Institutional Loans
Repaying & Consolidating Private Student Loans

Ensuring Financial Wellness

Student loan debt can make financial freedom seem impossible, but don’t give up. Visit Saltmoney.org, or click the links below for smart ways to start taking control of your money today.

Managing Credit Reports and Credit Scores
Tax Incentives for Student Loan Borrowers
Know What You Owe With NSLDS

Loan Dispute and Discharge

A loan discharge releases you from all or a portion of your student loan debt obligation. Click below to learn the ways you may be eligible.

Salt® eBook: 100+ Ways To Get Rid of Student Loans Without Paying Them
Postponing Loan Payments Due To A Disaster

Tools and Guides

Successfully manage your education debt with these repayment tools.

Budget Worksheet

Build a budget and find out how much money you’re saving—or losing—each month.

Student Loan Portfolio

Gather and keep all your student loan information in this interactive PDF.

Repayment Challenges

Accidentally missing a payment can happen, but if you fall behind, it means your student loans are delinquent. Click below to learn the consequences, and how you can fix things before you default.

Understanding Delinquency & Default
How To Get Your Student Loan Payments Back On Track

Postponing Payments

Losing your job, getting sick, or having financial trouble can make repaying your student loans even harder. Click below to learn if temporarily suspending payments using deferment or forbearance is a good option for you.

Should You Postpone Your Student Loan Payments?

Deferments for Pre-1993 Loans

If you began borrowing loans prior to 1993, the process for deferment is different, but deferments are available during:

  • Fellowships, medical internships or residency programs, and other educational, training, or rehabilitation programs
  • Parental leave and being a working mother of a preschooler
  • Public service in the military, for NOAA, the Public Health Service, Peace Corps, ACTION, or other specific other nonprofit volunteer programs
  • Periods of temporary disability or while you’re caring for a disabled spouse or dependent

To apply, you will need to provide documentation of your status to your student loan servicer (the company that sends you the bills) with certification from an authorized official. Contact them directly to find out exactly what documentation applies to your specific situation.

Managing Default

Having a loan default can seem scary, especially considering the consequences. Knowing how you reached this point is important. So is knowing what to do about it. Click below to learn more and start making a plan.

Understanding Delinquency & Default
Managing Student Loan Default
Recovering From Student Loan Default
15% Loan Rehabilitation Calculator

ASA’s Role In Your Loan

American Student Assistance® (ASA) may own your loan if it has defaulted. Our role is to help you reverse default’s negative effects—and to remind you that you can recover from default.

We know default can be overwhelming. Rely on us for accurate, timely, and credible information and support.

  • From application through repayment, you and your family can expect neutral, honest federal student loan solutions from ASA®.
  • As a nonprofit working with the U.S. Department of Education, our focus is not on selling you anything.
  • Our focus is on your financial wellness, and it always will be.
  • If your loan has defaulted—or if you are worried that it might—contact us. No matter your situation, we can customize a solution for you.

If ASA Holds Your Loan

In our role as guarantor, ASA holds a number of defaulted FFELP loans, and assigns collection agencies to collect on them. If this has happened with your loan, you should pay the collection agency directly. If you are not sure who that is, you can call us at 800.343.2120 to ask. If you are not sure whether ASA holds your loan, check at nslds.ed.gov.

Let's Work Together

To learn more about how ASA® can help your institution, email us.

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