Welcome to the student loan center
Pursuing higher education is an exciting time in your life. It's filled with promise and opportunity. It's a time to think about all the possibilities that lie ahead: greater knowledge, a new career path or higher earning potential. In other words, it's all about your future.
And it's also all about right now. Because you need to figure out how you're going to pay for it today. As we all know, being a student is expensive. The good news is there are plenty of ways to get a student loan - from federal student loans to private student loans - and even some alternative options.
Your education is one of the biggest purchases in your life. It's important that the student loans you choose are right for you. This page is chock full of valuable information to help you navigate your student financial life so you can make the wisest decisions.
Top five reasons for student loans
- Your parents can't afford to send you to college
- You have other financial obligations
- You have poor credit or no credit
- You have no income of your own
- You need to consolidate all your monthly payments
You're not alone! Most people take out student loans. The process doesn't have to be difficult. Just be patient and use the resources on this page to help you find the student loan that's right for you.
Students borrowing irresponsibly 65%
Unfortunately, about 65% of students misunderstand the terms of their own student loans. That means they aren't comparing option, reading the fine print or asking questions about one of the most important financial decisions they'll ever make. Don't be one of them.
- What is Debt-to-Income Ratio?
- Debt-to-income ratio, also known as DTI, is the relationship between a consumer’s monthly debt payments and income. This may be referred to as DTI,... <a href='/glossary/what-is-debt-to-income-ratio-dti' title='See the full definition of What is Debt-to-Income Ratio?'>read more</a>
- Loan Program
- A loan product created by a lender and offered to borrowers. It has a specific set of features and costs, which must be disclosed to consumers before... <a href='/glossary/what-is-loan-program' title='See the full definition of Loan Program'>read more</a>
- A borrower is a buyer who does not pay cash, but instead finances some or all of a purchase. <a href='/glossary/what-is-borrower' title='See the full definition of Borrower'>read more</a>
- An individual or company that makes funds available for borrowing. Lenders can specialize in a category of lending, like mortgage, automotive,... <a href='/glossary/what-is-lender' title='See the full definition of Lender'>read more</a>
- Annual Percentage Rate
- The cost of credit, including the interest and fees, expressed as an interest rate. APR was created to make it easier for consumers to compare loans... <a href='/glossary/what-is-annual-percentage-rate' title='See the full definition of Annual Percentage Rate'>read more</a>
- Interest Rate
- The percentage of a loan amount that it costs to borrow money. <a href='/glossary/what-is-interest-rate' title='See the full definition of Interest Rate'>read more</a>
- Monthly Payment
- The amount a borrower is required to pay each month until a debt is paid off. <a href='/glossary/what-is-monthly-payment' title='See the full definition of Monthly Payment'>read more</a>
Recent Student Loan Articles
Recommended Student Loan Articles