Student Loans: Borrowing, Repayment, and Forgiveness | Fall 2024

This webinar will give a comprehensive understanding of the student loans lifecycle, from initial borrowing to repayment. We discuss steps to take before borrowing loans, understanding financial aid timelines, types of loans and loan limits, repayment plans, and loan forgiveness programs. We also cover key terms like deferment, loan servicer, grace period, and more.

Host: Allie Smith, Assistant Director of Financial Counseling, Sokolov-Miller Family Financial and Life Skills Center

This webinar was recorded on August 27th, 2024.

The links referenced in the video are listed below:

Our website: https://financialliteracy.psu.edu/
Fall 2024 webinar schedule: https://financialliteracy.psu.edu/events

https://studentaid.gov/h/apply-for-ai...
2025 2026 FAFSA delay: https://www.nasfaa.org/news-item/3438...

Penn State’s Net Price calculator: https://cce.ais.psu.edu/netprice-calc...

Penn State’s main scholarship page: https://www.psu.edu/costs-aid/types-o...

https://www.fastweb.com/

College Board: https://bigfuture.collegeboard.org/sc...
https://www.careeronestop.org/Toolkit...
https://www.unigo.com/scholarships

2024-2025 Federal Student Loan rates: https://fsapartners.ed.gov/knowledge-...

More on Parent PLUS loans: https://studentaid.gov/understand-aid...

More on loan limits: https://studentaid.gov/understand-aid...

More on Public Service Loan Forgiveness: https://studentaid.gov/manage-loans/f...

More on Teacher Loan Forgiveness: https://studentaid.gov/manage-loans/f...

Perkins Loan Forgiveness: https://studentaid.gov/manage-loans/f...

IDR Forgiveness: https://studentaid.gov/manage-loans/r...

To find your loan servicer, log in to https://studentaid.gov/ and view your dashboard. On the right you’ll see your loan servicer’s name. Click on the link provided to set up an account with your servicer.

https://studentaid.gov/manage-loans/r...

Income driven repayment plan information: https://studentaid.gov/manage-loans/r...

SAVE Plan court actions/ impacts on borrowers: https://studentaid.gov/announcements-...

https://studentaid.gov/loan-simulator/

Loan delinquency & default & information on Fresh Start program: https://studentaid.gov/manage-loans/d...