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Questions to Ask Your Student Loan Servicer

by Suada Kolovic

If you’re a recent high school graduate, chances are you’re looking forward to the surge of independence that comes with becoming a college freshman. And while anticipating all the excitement that comes with entering college – meeting new people, establishing a home away from home, sleeping in until noon, etc. – establishing how you’re going to pay for it is an entirely different story. Here at Scholarships.com, we encourage students to apply for scholarships early and often but taking out student loans might be inevitable. With that being said, knowing what questions you should ask your student loan servicer might ease the transition and U.S. News and World Report has done some of the legwork for you by compiling a list of helpful questions that financial aid officers, student loan counselors and former lenders recommend you ask:

  • When exactly will my payments begin?
  • Do you have my current contact information on file?
  • What is my interest rate?
  • Is my interest rate competitive?
  • Is there any way to get an interest rate reduction?
  • Is consolidating my loans a good option for me?
  • How do I qualify for Interest-Based Repayment or Income-Contingent Repayment?
  • Do I qualify for an economic hardship deferment?
  • What happens if I lose my job?
  • If I go back to graduate school, what are my loan options?

Can you think of any other questions you’d like answers to? If so, feel free to let us know in the comments section.


Comments

Scholarships.com Virtual Intern Radha Jhatakia

by Radha Jhatakia

It seems that social norms of college life revolve around alcohol. However responsible you think you are, know that this lifestyle comes with great danger not only to you but to those around you. There is no such thing as drinking responsibly so it is important to be able to recognize the signs of alcohol abuse before it’s too late.

As common as drinking may be on college campuses, there is a lot of risk associated with it. Drunk driving, alcohol poisoning, abuse, harassment and dependency are all related to alcohol. Driving should be completely avoided even if you’ve only had a few drinks and feel fine. It’s better to be safe than sorry, as you risk the lives of others if you drive intoxicated or knowingly let someone who has imbibed get behind the wheel.

Alcohol poisoning occurs more often than people realize and can be fatal. Symptoms can include vomiting, passing out, low breathing and blue skin pigmentation from lack of oxygen. If any of these signs are present, monitor them closely and be prepared to take the person to the hospital or call an ambulance: The symptoms of alcohol poisoning may not seem urgent at first but can quickly worsen.

Abuse and harassment are common with drinking as well, thus recognizing when someone has had enough alcohol is important. Slurred speech and inability to concentrate are results of high alcohol consumption; when someone can't control the situation around them, there could be dangerous consequences.

Alcohol dependency is also a big issue. The first step to helping a friend overcome this problem is by helping them to realize the problem and take steps to remedy it. If you can’t do it alone, Alcoholics Anonymous program information is generally available in school health offices.

It’s never easy admitting you or someone you know has a problem but doing so can possibly save a life...in college and beyond.

Radha Jhatakia is a communications major at San Jose State University. She's a transfer student who had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.


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