Taking out a loan as a college student is easy. It’s paying that money back as a recent graduate that’s the hard part. Student Loan Hero is a web-based platform that aims to help, providing recent college grads with the tools they need to make smart financial decisions and repay their loans in record-setting time.
Take the first step in eliminating your student loan debt by creating a free Student Loan Hero account. Enter your personal information, like your name, date of birth, social security number, and federal PIN, and Student Loan Hero will retrieve your loan information from the NSLDS (National Student Loan Data System). You’ll also need to answer a series of questions about your financial health to give Student Loan Hero a better idea of your current financial situation. Student Loan Hero will use all this information to break down your loans and show your estimated monthly payments, total amount outstanding, and average interest rate. The application will also analyze your debt and provide you with information about what it thinks are your best repayment options.
Student Loan Hero helps people save money by running amortization schedules and identifying which of the 30+ government repayment programs they qualify for. The platform also provides users with tips about deducting student loan payments from their taxes, and includes a glossary of the most commonly used loan repayment terms.
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