July 29, 2008


Keeping up with the world of student loans is a near impossibility ... the myriad of issues facing borrowers, the complicated worlds of federal and private loans, consolidation and loan repayment issues. That of course doesn't even touch upon the continual change in student loan policies and regulations, making the world of student loans a literal moving target. It is definitely enough to give one a headache.

Let me share one of the most useful student loan resources I've come across - The Project on Student Debt. Their mission: "Recognizing that loans play a critical role in making college possible, the Project's goal is to identify cost-effective solutions that expand educational opportunity, protect family financial security, and advance economic competitiveness." Let me share a few of the resources/info available on their site: (http://projectonstudentdebt.org/).

- Borrower's guide [based on the numerous July 1, 2008 changes].
- Current loan policy initiatives.
- Find out how the credit squeeze impacts the student loan industry.
- Information borrowers can use both before and after borrowing loans.
- Overview of current loan terms and rates.
- Resources/assistance for borrowers having trouble with their loans.
- State by State student loan indebtness data.
- Student loan tips for recent graduates.
- Up-to-date info on the new Income-Based Repayment option.
- Up-to-date info on the new Public Service Loan Forgiveness program.

The website is easy to navigate and to find whatever you are looking for (also, all information provided on their site is free). It's critical to review this type of information prior to making student loan decisions.