RANCHO CORDOVA, CALIF (April 28, 2009) - Our federal student loan system doesn't always make it intuitive or easy for borrowers to gain access to information that helps them have a successful borrowing and repayment experience. EdFund remains committed to providing borrowers with unbiased counseling, financial literacy information and debt-management support along every step of the student loan process.
To help borrowers confidently manage their repayment experience, EdFund has set aside one of four sections of edfund.org for student loan borrowers. Under the student borrowers tab, they'll easily be able to find information about:
- accepting a loan,
- repaying a loan,
- grace periods,
- repayment plans,
- deferment and forbearance,
- consolidation,
- loan forgiveness programs, and
- money management (budgeting, saving, credit).
Borrowers of federal student loans have multiple options to postpone or lower payments in special circumstances. "If we want borrowers to succeed at managing their student loan repayment and avoiding default, we have to provide the resources, tools and personal counseling to enable them to do so," stated EdFund President Sam Kipp.
Student borrowers with an EdFund guaranteed loan who are currently enrolled in a participating school will find a helpful resource in the Student Loan Debt Summary (www.edfund.org/SLDS), which includes regularly updated loan information for both FFEL and Direct Loan Program loans, verified through the National Student Loan Data System (NSLDS).
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.
Posted 04/29/09 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.
