Whether you have federal or private student loans, it’s vital to understand your balance. Keep reading to learn how to check your student loan balance and why it’s important.
Student Loan Check My Balance
Find out all you need to know about your student loans
You can check your student loan balance using the Department of Education’s website. The site will show you all of your federal loans, as well as any private student loans that you have.
You can also use this tool to find out more information about your federal loans and their status, including when they were first disbursed and when they’re expected to be paid off by. This is helpful if you have multiple student loans but aren’t sure which ones are still open or need to be re-consolidated.
Check Your Student Loan Balance and Status
You can check your student loan balance and status in several ways. Here’s a breakdown of the most common routes:
- Online
- Phone
There are several ways to check your student loan balance and status online. You can log into the National Student Loan Data System (NSLDS), which lets you access information about your loans including interest rates, monthly payments, grace periods, and more. It’s also possible to use an outside site like Credit Karma or other similar services that provide free credit scores as well as information on your student loans. Many of these sites also offer tools for tracking both public and private debts including mortgages, credit cards and auto loans.
Check Your Federal Student Loan Balance
As you’re beginning to pay off your student loans, it’s important to know exactly how much you owe and what your monthly payments are. To check your federal student loan balance online, visit the National Student Loan Data System (NSLDS). You can also use the Department of Education website or Federal Student Aid website.
If you have a private loan through a bank or credit union, look up the balance on their websites or call them directly.
How to check your student loan balance when you have private student loans
You can find your student loan balance on your credit report and in your bank account.
If you have private student loans, contact your lender to get a copy of the promissory note that details the terms of the loan. If you do not know who holds the loan, check with other lenders or creditors who may have taken over collection on these debts.
You may also be able to find a copy of your promissory note through an online search tool like Student Loan Debt Navigator (SLDN). This is an external link so it will open in a new tab or window.
If there are no records available, then talk directly with some lenders who might remember making loans to individuals with similar names as yours or could point you in the direction of someone who made such loans recently enough for their records still be current
Get Your Free Credit Score
To get your free credit score and report, visit annualcreditreport.com, where you can request a report from each credit bureau once per year. You’ll also be able to see what factors are contributing to your credit profile and, if there are any errors on the report that negatively affect your score, dispute them with the relevant bureau.
If you don’t want to wait until next year to get another free copy of your credit report and score from TransUnion (TU), then it’s easy enough—and recommended—to check it at least once every four months or so. The quicker you spot any changes or errors in information on your TransUnion TU account, the easier it will be for you to correct them before they do serious damage to your overall financial health and well-being.”
You can find out all there is to know about your student loans, the private ones and the federal ones.
One of the best ways to find out if your student loan has been paid off is by checking your balance. You can do this by logging into the account, entering your information and clicking on “Check Your Balance” or “View Account Activity.”
If you’re curious about getting a free credit score, there are many websites that offer it for free. Some of these sites include Credit Karma and Credit Sesame. These companies will give you a score based on information from Transunion, Experian and Equifax respectively.
Closing
You can check your student loan balance and status at any time, just go online and you’ll find the information that you need. You can also get a free credit score if you want to know more about how credit scores work or where to get one for yourself.