Checking your student loans is crucial due to the new federal loan servicer transfer and student loan forgiveness programs. You need to find the owner of your student loans as well as their status.
We can help you check all your loans, no matter if they are federal, private or a combination of both.
What is the best way to view federal student loans?
It is simple to view your federal student loans.
This can be done in one of the following ways:
- Log in to the FSA Website.
- Give us a call.
- Visit the financial aid office at your school.
- Log in to the website of your loan servicer.
FSA Website
Logging in to StudentAid.gov is the most popular way to view federal student loans. You will need your FSA ID password to do this. It’s simple to reset or retrieve your password.
These steps will help you verify your loan details.
- Log in to StudentAid.gov with your FSA ID.
- Select ” My Aid” from the account menu. This will show you a snapshot of federal financial aid.
- You can view details about each loan by clicking ” View loans” in the Loan Breakdown section at the bottom of this page.
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You can also call the Federal Student Aid Information Center at 1-433-3243 to check your loans.
Website of a loan servicer
Your servicer will determine how you can access the site of your student loan servicer. However, StudentAid.gov offers a link to your servicer’s website and contact information along with your loan details.
Financial aid office for schools
The school’s financial aid office will also be able to help you verify your loan information. You can access your federal loan servicers and balances.
We recommend that you take note of these points when you are gathering your loan information, regardless of which method you choose.
Each loan servicer should be listed along with its address:
- Monthly payment
- Principal balance
- Current balance
- Interest rate
- Due date
- Type of loan
This can help you budget and make sure you don’t miss any payments if you have multiple student loans from different servicers.
What’s the status of federal student loans?
The National Student Loan Data System is a great way to check the status of federal student loans. This database contains all details regarding your federal student loans.
Here are the steps to check the status of your NSLDS loans:
- Visit the NSLDS Website.
- Log in using your FSA ID password.
- Check out the complete list of federal loans.
- Choose the blue number located to the left of your loan for which you would like a status.
- For more information about your loan status, please review the Loan Status or Loan Description columns.
This system will show you the status of every loan. These are the most popular loan status codes:
| Code | What does it mean |
| RP | Repayment |
| Forbearance | |
| IG | In grace period |
| IA | Origination of a loan |
| DA | Deferred |
| DU | Defaulted, unresolved |
| IM | Military grace |
| PF | Full payment |
It will be easier to ensure that no federal loans are in default or delinquent by knowing the status of your federal loans. This information is also useful in determining which loans have been paid off.
What is the best way to view private student loans?
Private student loans are not visible on the NSLDS and Federal Student Aid websites. You will need to contact the lenders that you applied to.
The easiest way to determine the identity of your private lender is to search your credit file. You will find the name and contact information for your lender. You can also look in any mail notices or billing statements to find out the name of your private lenders.
The process of locating your private loan details differs from federal loans. Each private lender has its own loan management platform. However, all private lenders follow the same steps to view loan information.
- Log in to the website of your private lender.
- Find your student loan account in your profile.
- To view the details and status of the student loan, select it.
Information about your private loans can be obtained from the school’s financial aid department. You should be able tell the staff how many private loans are available, who the lender is, and other details such as loan amounts.
This information can be used to contact your lenders to learn more about your loan.
You’ll need to keep track of private loans just like federal loans. Make sure you have an organized list.
Notify important details such as:
- Loan balances
- Due dates
- Monthly payments
- Lenders
This will allow you to keep track of your payments, monitor your balances, and identify the right person to contact in case of an emergency.
How do I find my private student loans?
Your credit report is the best place to locate all of your private loans. Your credit score is crucial when you apply for private student loans. You can check your credit report to find out which loans you have.
You can access your free credit report at AnnualCreditReport.com. Fill in your personal information and answer security questions. You can then download and print your credit reports from the three major credit bureaus.
When you look at your credit report, you’ll find all of your student loans, both federal and private. Your credit report will reveal which lenders you have loans with, and the contact information.
While your credit report can be a great way to find information about all of your loans, there are other methods to find private student loans.
- Visit the financial aid office at your school.
- For notices and statements from lenders, go through your mail.
- Contact the original lender if your loan was transferred.
Your private loan statements may still be in your mail if you keep it. To confirm your loan details, you can search your mail or email to find your private lender.
Call the original lender if you can’t find it. You might find out to whom your loan was transferred.
What’s the status of my private student loan?
You now know that you can check your credit report to see your private loans. But, it won’t show you your loan statuses.
You can make sure your private loans are paid on time by knowing if they are in deferred, in foreclosure, or in repayment. You can find out the status of each loan by contacting your lender in any of these ways:
- Log in to access your online loan account.
- Check your most recent student loan statement.
- Call your lender.
Online checking is the easiest way to check your loan status. If you don’t have an account with your private lender online, you will need to create one. Next, log in to your account and choose the loan you want to check its status. This is the same process for private loans.
To ensure that you have all private loans, you will need to match the status of each loan against your credit report. To determine which loans are currently in repayment, take note of each loan’s status.
These are some of the possible statuses for private student loans
- Repayment
- Grace period
- Deferment
- Hardship forbearance
- Default
- Delinquent
Contact your lender if your loan status shows delinquency, default, or both.
There are other ways to verify your student loan status
We have researched ways to make your loan payments faster.
These apps can help you keep track and plan for paying off student loans:
These apps help you manage your debt by helping you budget and calculate where you can spend extra money. These apps can be used to help you manage your finances and debt.
Changed is designed for student loan debt. It allows you to track student loan debt and add debit card purchases to make additional payments towards student loans.
Another favourite is YNAB. This app helps you understand financial basics that you might not have learned in school, and it also helps you create a budget.