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Preparation Instructions for Student Loan Repayment 101 SeminarWe are excited to learn of your interest in obtaining tools needed to be successful in your financial future. The following instructions will assist you in being better prepared for the discussions that will occur in our seminar. Being prepared is very helpful, but not mandatory.Please follow the steps below prior to coming to the seminar (again this is not mandatory):?Locating All Your Loans?To find out what loans you have and who they are payable to, there are two (2) separate tasks that must be done:?To find information on your Federal (Title IV) Loans you may log on to the National Student Loan Data System (NSLDS) at nslds..? You will need your FASFA pin number or your FAFSA User Name and Password to gain access to this system.? Once you are logged onto the NSLDS website, you will see all of your Title IV Federal Loans (keep in mind that NO Private Loans will appear on this website).? If you click on the “Blue” numbered block next to each loan, the system navigates to a page that tells you more details about the loan, such as: who the servicer and lenders are, what the current status of the loan is, etc.?To find information on Private/Alternative Loans, you will need to run a credit report on ALL THREE (3) major credit bureaus (Equifax, Experian, and Trans Union).? You may do this free of charge at .? WARNING: Be very careful not to sign up for any unwanted services, OR YOU WILL BE CHARGED!? This has happened to me in the past, and very recently to one of my borrowers!? If you are asked for your credit/debit card information while on this site – YOU HAVE SIGNED UP FOR SOME TYPE OF SERVICE.? ?Once you have your credit reports, check all loans listed on the reports carefully.? The Federal Loans will appear along with any Private/Alternative Loans.? Some loans may show up on one (1), of the reports while others may show up on all three (3) reports.? It is your job to weed through the accounts and determine which loans are duplicates. ?When this is done properly, you should have a listing of all the loans you have that are outstanding.?Spreadsheet to Organize Loans?You will find a Student Loan Spreadsheet in the Pre-Seminar Module in Canvas. This spreadsheet will assist you with managing your loans.? Please feel free to utilize it to help organize your loans. Consolidating Your Loans???If you are interested in consolidating your federal loans, please contact the Federal Student Aid Department at . ?You will need to sign in using your FAFSA User Name and Password.? You may also use their consolidation loan calculator to assist you in determining the repayment plan that best suits your situation.? Note:? If you have a defaulted federal loan, you will required to sign up for Income Based Repayment (IBR) or Income Contingent Repayment (ICR).?Completing these steps will allow you to be ahead of the ballgame when you arrive at the seminar, and will allow you to focus on more specific questions about Student Loan Repayment.Please feel free to contact us at any time before or after the seminar with any questions you may have. ................
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