8 Best Student Loan Websites for 2016
The world of student loans is confusing and difficult to navigate. The good news is that internet gives you access to immense resources. Whether you’re about to make a student loan decision, you’re wondering how to apply or how to decrease the repayment amount, there’s a least one site that will give you adequate information.
Are you wondering what the best student loan websites of 2016 are? The following list will give you access to some of the best online resources for doing financial management before borrowing and while trying to make a repayment.
Federal Student Aid
Looking for federal student aid is one of the first things to do. The official federal student aid website developed by the US Department of Education is a wonderful resource that provides tons of valuable information.
You can get information about obtaining a federal loan, making a repayment, calculating interest rates for new direct loans and figuring out which possibility is the best one for you. A repayment and consolidation calculator is also available.
Nolo’s Student Loan Resources
The Nolo page dedicated to student loans is another wonderful source of information that can guide you through the confusing world of borrowing. You will get sections about dealing with student loan repayment difficulties, student loan cancellation, defaulted student loan collection, taxes, bankruptcy and financial budgeting.
In essence, Nolo is a legal website. As such, it highlights the legal aspects of having a student loan. It’s a good idea to learn what your options are, especially if you’re facing loan repayment difficulties. This website presents a lot of complex information in a relatively easy to understand way.
National Student Loan Data System
The National Student Loan Data System (NSLDS) is another web project developed by the US Department of Education. This is a centralized database that gets information from multiple resources and creates a Title IV loans registry. Students can easily access the database and inquire about loans and grants.
Student Loan Borrower Assistance
This student loan website is a step-by-step guide for coming up with a solution for the most common student loan problems. Relief options, getting out of default and bankruptcy are some of the topics that the website examines and provides borrowers with information about.
In addition, the website features legal resources, ombudsman programs and the best options for filing a complaint. If you’re experiencing any kind of student loan trouble, the Student Loan Borrower Assistance website will probably be a great starting point for your research.
A useful tool, the FinAid Calculator does precisely what it promises to. The loan payment calculator will give you an estimate about the monthly loan payments you’ll have to make in the future and the salary that will enable you to make those payments without experiencing financial difficulties.
To use the calculator, you’ll have to provide data about your loan balance, the interest rate, the loan period and your degree program. On the basis of this data, you’ll get an accurate repayment estimate. You will get an average debt per year estimate, monthly loan payment, number of payments left, cumulative repayment and total interest paid.
Student Lending Analytics
Student Lending Analytics is a great website for first-time borrowers. It presents a vast range of private student loan products and enables a side by side comparison. Some of the criteria that the website uses to compare the loans include starting interest rate, overall client satisfaction rating, repayment fees and saving opportunities.
LendEDU is truly changing the game in the student loan refinancing industry. The startup allows users to compare up to 12 of the leading refinancing lenders.
Best of all, the site is completely free and doesn't hurt the user's credit! Why apply to multiple lenders individually when you can compare rates with just one application?!
Ready for Zero
The final website in the list is suitable for people dealing with all kinds of debt, including individuals that have a student loan.
The platform allows for debt payment and automatic tracking. In essence, this is a debt management tool that can be used free of charge. In addition, people who register are eligible to a free plan that’s personalised and based on the information that they provide. The aim of the platform is to help individuals get out of debt quickly and without spending an excessive amount of money.