Monday, March 12, 2018

9 Fabulous Ways to Locate Your Student Loans

How to Use the NSLDS to Find Your Student Loans | Student ...
Americans owe over $1.48 trillion in student loan debt, spread out among about 44 million borrowers. Average monthly student loan payment (for borrower aged 20 to 30 years): $351. Owing student loan debt can reduce opportunities available to apply for credit for loans, autos, homes and employment.

Some student loan borrowers have to delay large purchases such as an auto or home due to large outstanding student loan balances. Student loan debt can impact your personal budget, decrease money available for necessities, contribute to a savings account and plan for retirement. 

Student loan debt may prevent you from getting advanced degrees, moving out on your own, lower your credit score, lower your net worth, and be at risk for a tax refund garnishment. The first step to paying off student loan debt is locating your student loans. Here are x easy ways to locate your student loans.


  1. Search the National Student Loan Data System (NSLDS) for federal student loans.
  2. Contact your college’s financial aid office to get the lender’s contact information.
  3. Order a copy or your credit report. Federal and private loans are listed on the major credit reports: Equifax, Experian and TransUnion.
  4. Search Google for the lender’s contact information.
  5. Go to and click on Student Loans then click on the Contact Your Loan Servicer link to view a list of federal student loan lenders.
  6. If your Federal Perkins Loan has been assigned to the Department of Education, contact the Federal Perkins Loan Servicer at 866-313-3797.
  7. If you have private student loans, contact the lender to learn about repayment options.
  8. Call the Department of Education’s Federal Student Aid Information Center at 800-433-3243. For defaulted federal student loans, call the Department of Education’s Default Resolution Group at 800-621-3115.
  9. Contact the Department of Education student loan ombudsman office at 877-557-2575.

Monday, March 05, 2018

Cheap Versus Frugal

There is a different. Cheap is buying a product or service of low quality or buying the lowest price products or services no matter the quality or standards. Cheap is also being reluctant to spend money or give money. Frugal is efficient planning in the use of money to purchase a product or service. Frugal includes comparison shopping to find the best deal. 

Cheap people strive to get items for free or feel they deserve a good deal. Frugal people want a good deal but work to get it. Cheap people focus on short-term or immediate savings. Frugal people focus on long-term savings. 

The line is drawn in terms of quality and when saving money is at the expense of others. Cheap people base decisions on price. Frugal people base decisions on quality.

People take offense to being called cheap because it highlights a person’s flaws – lack of patience to comparison shop, inability to analyze prices, products and services. Being cheap shows that a person is willing to sacrifice quality and value to purchase a product or service. 

Cheap people have a fear or spending money or losing money so they purchase the lowest cost items in hopes that they will be able to keep more of their money. However, they fail to realize that they end up spending more money replacing the cheap items purchased. 

In addition, cheap people are aware that they are cheap but don’t want anyone to point it out. They know they have a problem but don’t want to change, don’t know how to change or are unable to change. 

Cheap versus Frugal Scenarios
Eating out
Order a soda and eat the free bread
Order the kid’s meal or appetizers instead of an entrĂ©e
Paper products
Take extra napkins from a fast-food restaurant to use at home
Use the left-over napkins from a fast-food restaurant to use at home or in your car
Tipping at a Restaurant
If you don’t give a tip or give less than 10%
If you tip at least 15%
Eating Out
If you share a meal with your child or spouse
If you use a Living Social or Groupon coupon
You purchase an item, wear it once and then return it
You purchase an item on sale or use a coupon
Spill a coffee packet on the floor and still use it to make a cup of coffee
Purchase Starbucks coffee from
Rummaging through dumpsters and trash cans to get food, i.e. Freeganism
Shopping at discount stores such as Costco or Price Club