financial first steps
Who Owns Your Student Loan?
The cost of college is constantly increasing. As a result, many students now graduate owing a substantial amount on student loans. Many have more than one loan and may even have a mix of public and private loans. How can you find out who your lenders are and how much you owe?
- Ask your local bank branch for an accounting statement.
- Locate the loan agreement document you signed to take out the loan.
- Check with the college division from which you graduated.
“B” is correct. These documents will list your lender and how much money you owe. You also can obtain information about federal student loans from the National Student Loan Data System (www.nslds.ed.gov / 800-433-3243). Your college financial aid office may have retained a record of who you owe.