Repaying Financial Aid

How to Handle Student Loan Default

In the grand scheme of student loans and borrowing in general, defaulting is one of the least ideal situations you can come across. Defaulting on your student loans means that you haven’t made any payments within 270 days of the required payment date, and it can adversely affect your credit score for years. Read More...

How Big of a College Loan Will You Need to Borrow?

If your savings contribution doesn't cover the bill or your scholarship hopes are dim, you're not alone. Millions of other American students are taking advantage of loans and alternative sources to finance their education. Read More...

Choosing a Student Loan Repayment Plan

What happens after you take out a student loan? What requirements are there to repay the loan? When should you start to repay? Which plan fits your circumstances? Fortunately, because of your distinctive situation while you're enrolled in school, you have quite a few alternatives to consider. Read More...

How to Avoid Borrowing Too Much Money for College

It seems counter-intuitive to borrow too much for school. After all, why borrow at all if you can avoid it? The truth is that most students need at least one or two loans to properly invest in their education. Not many of us, or our families, have enough savings or cash to support four years of education. If you don't plan your school financing, you could find yourself at the end of your education with lots of debt and little to show for it. Avoiding that kind of financial pain is good, old-fashioned common sense. Read More...

How to Keep Track of Federal and Private Student Loans

Have you ever heard the old adage, "An ounce of prevention is worth a pound of cure?". The same holds true for keeping track of your financial aid package. Even if you have just one loan to pay attention to, you've got to follow its trail from your lender to your school and make sure the money's getting to the financial aid office when it's supposed to. Read More...

DFU Advocates

"Our students found Debt Free U to be a valuable resource. We're excited about our center’s collaborative efforts with Debt Free U aimed at strengthening the financial literacy skills of our students"
-Paul F. Goebel, Director of UNT's Student Money Management Center

What Do You Think?

Who or what is the primary source of your college funding?

Me
My parents
Student loans
Grants/scholarships

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