Total loan balance

Description

Total loan balance

It is important to keep track of how much you are borrowing to pay for college.

To find out the balance of your federal student loans, you should visit the National Student Loan Data System (NSLDS) at www.nslds.ed.gov . NSLDS is the U.S. Department of Education’s central database for student aid and provides a centralized, integrated view of your federal student loans and grants so you can access and inquire about them.

To find out the total balance of all your private student loans, you’ll need to contact each of your private student loan servicers to determine your total loan balance or check your credit report.Unlike federal student loans, there is not a single website that contains information about all of your private student loans. If you do not know about private student loans you might have, request a free credit report at  annualcreditreport.com . Private student lenders may report your loans to credit reporting agencies even while you’re still in school or in deferment.