News from the Reference Desk Category: Student Loans

Get Smart About Money in 2018!

Well, the holidays are over and it’s the start of another year–and another opportunity to reevaluate your financial life and practices, woo-hoo! The good news is that it just got a lot easier, thanks to all the wonderful resources and tools available at Smart About Money (SAM). Smart About Money is one of the many programs of the National Endowment for Financial Education®. NEFE® is an independent, nonprofit foundation committed to educating Americans on a broad range of financial topics and empowering them to make positive and sound decisions to reach their financial goals. They offer tips, strategies and information on diverse topics like crisis and fraud, saving and investing, spending and borrowing, housing and transportation, taxes and more.

Click through and take a look at some of the tools like the Life Values Quiz, designed to help you better understand how and why you make financial decisions. Knowing your own habits and patterns is the first step to making positive changes in your financial life!

Student Loan Repayment Resources

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Are you looking for information on how to successfully repay your student loans and confused on how to begin? Whether public or private and no matter the amount of your student loans, don’t fret, as there are many more options in terms of repayment than ever before. Below, please find some helpful resources to get you started.

Heather Jarvis, a student loan expert, runs this website where you’ll find helpful information about all types of student loans, both federal and private. provides this handy chart which lists all the federal student loan repayment options in one place.

If you’re finding it difficult to make the payments on your private student loans, refinancing is an option.

Some other helpful hints:

Remember that most U.S. college graduates have some sort of student loan debt. According to a new report by Student Loan Hero, now in 2018, there is approximately $1.48 trillion of outstanding student loan debt in the U.S. that affects 44 million borrowers who have an average outstanding loan balance of $37,172. So you are not alone!

Don’t be afraid to communicate more directly with your lender via phone or chat if possible; don’t rely solely on their mailings or emails for communication – stay on top of your information.

If you or someone you know is struggling and feeling out of options, please seek help. This article can help.