The latest statistics from the Federal Reserve indicate consumer debt in the United States continues to increase, reaching nearly .6 trillion in April 2016.
According to statistics published by the Census Bureau, that works out to over ,140 in debt for every man, woman and child that lives here in the United States.
Student loans usually appear on a credit report as multiple loans, but that doesn’t look bad to lenders.
The reason has to do with the way student loans actually work as opposed to how we think about them.
This tool provides information and advice for optimizing how you pay off your student loans based on some basic information about your situation.
You can always return to the beginning of the tool and select the other loan type here in step one.
You can get a list of all federal loans made to you by visiting the National Student Loan Data System and selecting “Financial Aid Review.” Click each individual loan to see who the servicer is for that loan (this is also the company that sends you a bill each month).
While we can’t give you advice for your exact situation, we hope it can point you in the right direction and help you learn about some of your options. Federal student loans are loans made or guaranteed by the Department of Education.
They typically have names like Direct Loan, Stafford, PLUS or Perkins. Private or non-federal student loans are any other type of student loans.