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Strayer University News
A complete update news regarding Strayer university.
Thursday, June 4, 2015
Thursday, May 28, 2015
Managing Student Debt
Student
loans can be a helpful tool to help you reach your educational goals. However,
as a student, you must borrow responsibly – the money you receive now to pay
for school must be paid back later.
Here are
some tools to help you manage your current finances including your loans, and
plan for your future:
Free
Online Financial Literacy Courses from Strayer University
As a
Strayer student, you now have access to USA Funds® Life Skills®, a free online
learning program that offers you advice for managing your time and money wisely
while in school and after graduation. The curriculum covers topics ranging from
finding resources to pay for college to living on a budget to managing debt to
maximizing your savings.
USA Funds®
Life Skills®, a free online learning program that offers advice for managing
time and money wisely while in school and after graduation, can be downloaded
at the USA Funds Life Skills Student Guide for account setup information. Then
visit www.lifeskills.org to access the online financial literacy training.
Life
Skills is a program provided by USA Funds, which is not affiliated with Strayer
University. Any information provided by you to USA Funds through your use of
the site will be subject to the terms of the USA Funds Life Skills website.
Tools to
help you manage your student debt
Information
about managing student debt
To monitor
your federal student debt, contact the National Student Loan Data Systems
(NSLDS), or by calling 1.800.4.FED.AID or TDD 1.800.730.8913.
Exit
counseling
Before
graduating, withdrawing, or dropping below 1/2 time enrollment, Federal student
loan borrowers are required to complete exit counseling. This 20-25 minute
session will provide you with valuable information about your rights and
responsibilities as a student borrower. Learn more about exit counseling.
For
Current Students
Please
direct your questions about student loan repayment to Strayer University's loan
repayment advisor at 703.713.3620 or financialaid@strayer.edu.
Federal Financial Aid
Strayer University's Commitment to Financial Aid for Students
At Strayer, we are committed to providing students the best
customer service and information regardless of how they finance their
education. However, Strayer is not a lender and is not providing legal,
accounting, or financial planning services. Any agreements entered into with
lenders exist solely between the lender and the student, and the University
recommends that students consult with their own advisors before making
educational financing decisions.
Free Online Financial Literacy Courses from Strayer
University
As a Strayer student, you now have access to USA Funds® Life
Skills®, a free online learning program that offers you advice for managing
your time and money wisely while in school and after graduation. The curriculum
covers topics ranging from finding resources to pay for college to living on a
budget to managing debt to maximizing your savings.
USA Funds® Life Skills®, a free online learning program that
offers advice for managing time and money wisely while in school and after
graduation, can be downloaded at the USA Funds Life Skills Student Guide for
account setup information. Then visit www.lifeskills.org to access the online
financial literacy training.
Life Skills is a program provided by USA Funds, which is not
affiliated with Strayer University. Any information provided by you to USA
Funds through your use of the site will be subject to the terms of the USA
Funds Life Skills website.
Federal Student Loan Repayment Counseling
Strayer University assists students with their Federal
student loan repayment efforts with the support of a 3rd-party company, Student
Outreach Solutions (SOS). Student Outreach Solutions is a service provided to
students who have graduated, withdrawn, or dropped below half-time enrollment
at no charge that provides any advice you might need over the course of paying
back your Federal student loans. Student Outreach Solutions is not a collection
agency; rather it is a free service to provide advice and answer questions
about your Federal student loan debt. Student Outreach Solutions' trained loan
specialists are available Monday - Saturday TOLL FREE at 1.855.485.5325 to
answer questions.
From time to time, Strayer University students will receive
letters and telephone calls from the staff at Student Outreach Solutions to
provide them with information useful in repaying their Federal student loan.
Also, if at any time you have questions about your loan or experience
difficulties in making payments, you should call Student Outreach Solutions.
Student Outreach Solutions can help you make sense of difficult circumstances
and help you avoid problems with your Federal student loan.
Student Outreach Solutions Hours of Operation
• Monday-Thursday:
8:30 a.m. - 9:00 p.m. (ET)
• Friday:
8:30 a.m. - 5:00 p.m. (ET)
• Saturday:
8:30 a.m. - 12:30 p.m. (ET)
Strayer University Financial Aid Code of Conduct
Strayer University expects the highest levels of
professionalism and ethical behavior from all of its officers, employees, and
agents whose responsibilities include student financial aid matters.
Our Financial Aid Code of Conduct prohibits conflicts of
interest on the part of both the University and individual employees regarding
Title IV loans.
Request more information
Important Information About Student Loans
All student loans, whether federal Stafford loans or private
loans, must be repaid. We have provided some tools to help you manage your
finances and student debt. In addition, once you have taken loans, there are
some important things for you to keep in mind:
• When you
take a federal student loan you are agreeing to pay back the amount you borrow
(loan principal) and any accumulated interest.
• The first
payment will be due six months after you graduate, enroll less than half-time,
or withdraw from school.
• If you
have trouble repaying your federal student loan, for reasons such as low
income, loss of job, etc. you may be eligible for a period of deferment or
forbearance, during which no principal payments are due. In certain cases, the
interest will accrue and capitalize, in others the interest will be paid by the
Federal Government.
• If you
fail to make payments on your Federal student loan for nine months (twelve
months if your lender is Direct Loans), you will be considered in default. If
you default, you will be turned over to a collection agency and reported to a
credit bureau, potentially impairing your ability to apply for credit and
preventing you from obtaining future student aid. In addition, the entire loan
balance will become due immediately and any future income tax refund may be
withheld to satisfy the debt to the government.
• Once you
have graduated, dropped below half-time enrollment or withdrawn from Strayer,
Student Outreach Solutions provides a free service, paid for by Strayer
University to answer any questions you have regarding your Federal student loan
repayment obligation. They can also provide helpful information about income
based repayment plans and how to apply for a deferment or forbearance. They are
available to help, toll free at 1.888.843.9002. Student Outreach Solutions
representatives are available to assist during the following hours of
operations:
o Monday-
Thursday: 8:30 a.m. - 9:00 p.m. (ET)
o Friday:
8:30 a.m. - 5:30 p.m. (ET)
o Saturday:
8:30 a.m. - 12:30 p.m. (ET)
If you have questions, contact your Campus Business Office
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