Financial Aid Literacy at Albertus Magnus College
The average student borrows $27,000 in Federal Student Loans at Albertus Magnus College.
Over-borrowed on your loans? Return the overage to your lender to reduce your overall loan debt. Contact us to learn how today!
Got Debt? Graduating Soon?Know Before You Owe!
- Log into www.nslds.ed.gov
- Select the loan you want servicer information for
- Scroll down to find servicer contact information
For more information, or for help finding your servicer information, please contact the Financial Aid Office.
Utilizing Outside Scholarships can help reduce your overall loan debt!
These websites will help you with your scholarship search:
Want to know the servicer is for your federal direct loans?
- Log into www.nslds.ed.gov
- Select the loan you want servicer information for
- Scroll down to find servicer contact information
For more information, or for help finding your servicer information, please contact the Financial Aid Office.
The Financial Aid Office is a regular contributor to the Albertus Blog! Visit the Blog for helpful tips and resources, and remember: we're always here to help, so feel free to contact us at anytime!
Want to know what your monthly loan payments might be?
You can utilize a Repayment Estimator to estimate your monthly federal student loan payments under each repayment plan.
For more information on loan repayment, watch this Student Loan Repayment Video.
Need a guide for repaying your student loans? Federal Student Aid has created a website to help you find out where to start!.
For the 2014-2015 academic year, the median loan debt that students have at Albertus Magnus College is $27,000 which translates to $331/month using the Standard Repayment Plan or $179/month using the Graduated Repayment Plan.*
For the 2015-2016 academic year, the median loan debt that students have at Albertus Magnus College is $27,764 which translates to $320/month using the Standard Repayment Plan or $184/month using the Graduated Repayment Plan.*
Please note that income-based repayment plans are subject to annual income amounts. Additional information on income-based repayment plans can be found here.
*All repayment estimates are based on total loan debt resulting from unsubsidized loans with a 6.8% interest rate.
Helpful Tips and Worksheets
10 Things
Navient has compiled a list of the ten things you should do before you make
your first student loan payment.
ASA Budget Worksheet
ASA has created a budget worksheet to help you know exactly where your money
is going each month.
Bank Accounts
The Simple Dollar created a "What Do I Need to Open a Bank Account" guide
to help students find and understand what type of bank account works best for them.
Best Student Credit Cards
U.S. News has complied information on credit card best practices as well as
a list of the best student credit cards.
Best Student Loan Companies
Consumer Affairs has compiled a list of reviews to compare top student loan
companies
Budget Worksheet
It's easy to prepare a budget. Common categories are included in this worksheet;
just fill in the amount you typically using your bill statements and receipts for
the most accurate numbers.
Budget Worksheet 2
When filling in a budget worksheet, use receipts, statements, and bills to
find accurate numbers so that you can see where your money goes each month.
Checking Account Guide
The Simple Dollar created a "How to Find the Best Free Checking Account in
2015" guide to help students find and understand the checking account that works best
for them.
College Savings & 529 Plans
AffordableCollegesOnline has created a page dedicated to "expert advice and
tools to help maximize your savings potential."
Credit Card Guide
The Simple Dollar created a Credit Card Guide to help you gain in-depth financial
knowledge and practical strategies for money management that help establish a solid
financial foundation.
CT Dollars & Sense
CHESLA and CHET have teamed up to create a one-stop shop for helping you plan,
save, and pay for college.
Credit Card Tips
Properly managing a credit card is a big responsibility. Credit cards can
help establish and improve your credit score if they’re used properly. They can also
damage your credit score and get you into serious debt if you don’t know what you’re
doing. Use these tips to make sound financial decisions.
Deferment and Forbearance
To help determine if you qualify for a deferment or forbearance, FSA has compiled
information on both processes.
Financial Aid for Online College Students
AffordableCollegesOnline has created a guide for "what's available, who offers
it, and how to successfully apply."
Financial Awareness Counseling Tool (FACT)
Studentloans.gov has created a Financial Awareness Counseling Tool (FACT)
to help you understand your loan counseling.
Financial Literacy
Annuity.org has created a financial literacy website page which helps you
learn how to manage your money and take the initiative to self-educate and grow your
financial knowledge.
Guide to a Debt Free College Degree
AffordableCollegesOnline has created a guide on "how to use work-study, crowd
funding, and other financial resources to pay for higher education."
How Long Will it Take to Pay Off My Loans?
Affordable College Online has compiled tools and tips for getting out of student
loan debt quickly.
How to Avoid Identity Theft
Identity theft occurs when a person commits fraud while posing as someone
else. The threat of identity theft is real and can take months or even years to recover
from once you are a victim. Use the information below to familiarize yourself with
the precautions you can take to minimize the chance of becoming a victim and, if you
are a victim, these steps will help you correct the situation.
How to Build Credit
Consumer Affairs has created a guide to help young adults (between the ages
of 18-20) and new U.S. Citizens/immigrants build their credit.
How to Check your Credit Score
Consumer Affairs has compiled information on the importance of checking and
knowing your credit score, especially when applying for a mortgage.
Managing Your Money
Use these nine tips to achieve financial wellness.
nerdscholar.com
nerdscholar is a site dedicated to empowering students to make smart financial
choices about their higher education by providing a FAFSA Guide, Scholarship Search,
and Student Loan information.
OppU
OppU encourages you to learn how to master your money every year you are in
college.
Personal Finance 101
The Simple Dollar Created a "Personal Finance 101: What is a Debit Card" guide
to help students find and understand the debit card that works best for them.
Savings Account Guide
The Simple Dollar created a "How to Find the Best Savings Account in 2015"
guide to help students find and understand the savings account that works best for
them.
Securing your Child's Credit Future
The Simple Dollar created a "Securing your Child's Credit Future" guide to
help parents plan for their child's financial future.
Securing your College Student's Credit Future
The Simple Dollar created a "Securing your College Student's Credit Future"
guide to help parents plan for their college student's financial future.
Set Your Financial Goals
Healthy financial habits start by setting sound financial goals. Develop a
realistic path to achieving your goals by filling in this chart.
Strategies to Save Money
Use these tips to help save money; small adjustments lead to big savings!
Student Credit Cards
Credit Card Insider has compiled a website of information to help you understand
student credit cards and what to expect if you get one.
Student Loan Hero
Student Loan Hero offers various information on repaying student loans, including
information on refinancing, lowering payments, and forgiveness.
Student Loan Debt and Bankruptcy
Expertise.com has created a comprehensive resource for college students and
graduates that helps make debt easier to understand and enables them to make better
financial decisions.
Student Loan Forgiveness by State
LendEDU has created a comprehensive list of all state-specific student loan
forgiveness programs.
Student Loans the Right Way
AffordableCollegesOnline has created a resource dedicated to "Student Loans
the Right Way: Expert Advice on Applying for, Managing, and Paying Back College Loans."
Tackling Unfair College Student Loan Practices
AffordableCollegesOnline has compiled information on how to spot unfair loan
servicing practices.
Teacher Cancellation Low Income Directory
The U.S. Department of Education has created a Teacher Cancellation Low Income
(TCLI) Directory.
Ultimate Guide to Financial Literacy
Credit Critics has compiled their "Ultimate Guide to Financial Literacy" and
offers resources to parents and educators for kids, teens, young adults, and adults.
Understanding Credit
Sallie Mae and FICO partnered to create this manual to help you understand
credit: what it is, why it's important, and how you can maintain it.
Understanding Repayment
Check out FSA's understanding repayment information to help make your payments
more affordable.
Your Guide to Paying Off Student Loans
Bankrate has created this guide to figure out whether refinancing, repayment,
or forgiveness holds the most promise for paying off your student loan debt.
And remember to always Borrow Wisely!
Alternative Financing Options
Looking for alternative means of financing your education?
Check out our Alternative Financing Options Page on the Albertus website for more information!