RANCHO CORDOVA, CALIF (April 23, 2009) - After graduation, a student's credit rating is arguably as important as the GPA or the degree he or she earns. If students lack the tools to manage their student loans, they can unknowingly put future financial success at risk. That is why EdFund is continually developing new financial literacy resources and tools that schools can share with students.

One such series of tools is the student loan rack card series, which consists of five pamphlet-sized, two-sided cards that can be placed in racks and/or stands throughout the school's financial aid office and other on-campus locations. The following topics are addressed in each of these cards. They can be ordered at www.edfund.org/Publications; just search for "rack card."

• Careful! That's Real Money features the basics about taking on a student loan.
• Repaying Your Student Loan includes information about the different types of federal student loans and repayment options.
• NSLDS on the web explains what the National Student Loan Data System is and how it can help student and parent borrowers stay on track and manage their federal loans.
• Credit Cards: Easy Does It highlights the benefits and risks of credit cards.
• Thinking About a Private Loan? Provides topics for consideration before taking out a private loan.

Most student rack cards are available in English and Spanish.

EdFund, a nonprofit public benefit corporation, is one of the nation's leading providers of student loan guarantee services under the Federal Family Education Loan Program. EdFund offers students a wide range of financial aid and debt management information while supporting schools with advanced loan processing solutions and default prevention techniques. Operating as an auxiliary corporation of the California Student Aid Commission and founded in 1997, EdFund processed more than $9.3 billion in student loans in 2007-08, manages a portfolio of outstanding loans valued at $35 billion and provided services and support to nearly one and a half million students-helping over 22,800 borrowers rehabilitate their loans. EdFund is headquartered in Rancho Cordova, Calif. with regional staff located throughout the nation. For more information on EdFund, please visit the Web site at edfund.org. EdFund and its associated graphic are registered trademarks of EdFund.

Posted 04/24/09 to www.NASFAA.org. Posting of press releases is done as a service to Members and does not imply endorsement or support by NASFAA. NASFAA does not review this information for content or accuracy.