Student Loan and Grant History

Students should be aware of exactly how much they will owe on their educational loans after they graduate. The amount is a product of the total amount of loans borrowed and the loan interest rates compounded over time. Students who know how much they owe can plan their postgraduate lifestyle to allow for the quickest possible loan repayment. There are many online resources to assist in making the necessary calculations. While these are useful estimations, it is important that students stay in contact with their loan servicer to know the actual amount of their student loan debt.

The National Student Loan Data System (NSLDS) is the U.S. Department of Education's central database for student aid. NSLDS receives data from schools, guaranty agencies, the Direct Loan program, and other Department of Education programs. NSLDS Student Access provides a centralized, integrated view of Title IV loans and grants so that recipients of Title IV aid can access and inquire about their Title IV loans and/or grant data. It does not include information on Department of Education Health and Human Services Loans (i.e. Health Professions Loans, Nursing Student Loans).

Students will need to use their social security number and U.S. Department of Education Personal Identification Number (PIN) to access information on NSLDS.

A thorough explanation of interest rates for various federal loans can be found at www.studentaid.ed.gov.

Students who borrow through a private lender should contact their lender directly for up-to-date information. Remember that the interest rate on private loans may be variable.

One-on-one meetings with Financial Literacy staff allow resources and tools to be tailored to undergraduate students' unique budgeting, borrowing, and repayment concerns. To set up an individual consultation, email financial-literacy@uiowa.edu.