Some 45 million Americans collectively owe $1.75 trillion in student debt. Student debt impacts people of all ages including many older Americans. If you have student loan debt, you are not alone. For many decades the government used to cover much of the cost of college, especially at public colleges and universities, but now most students have to take out student loans to pay for their programs. There are usually two options when it comes to Student Loans: Federal and Private. This has led to a student loan crisis. This LibGuide aims to mitigate your financial burdens by providing you with the latest information about student loan relief through library resources and referrals.
Loan Simulator helps you estimate monthly student loan payments and choose a loan repayment option that best meets your needs and goals. You can also use it to decide whether to consolidate your student loans.
EDCAP helps New Yorkers navigate the student loan system regardless of the type of education debt, federal or private. EDCAP is an independent, nonprofit one-stop shop for student loan debt and related issues. They offer free, one-on-one counseling with student loan experts.
Services:
All EDCAP services are free, confidential, and unbiased!
Calculating the Cost of College and Understanding College Loans includes information on how to apply for student loans, types of student loans (federal and private), how to pay back student loans, tactics for paying off loan debt, and financial strategies.