STUDENT FINANCIAL AID RESOURCES
Several of CBA’s members provide student loans and banking services for the 21 million students enrolled in U.S. colleges, as well as their families. While 97% of private loans demonstrate ongoing successful repayment, banks remain committed to providing robust options to the very small subset of private loan customers experiencing sustained financial distress. For the most distressed borrowers, banks are working with the prudential regulators to develop short and long term loan modification programs to provide borrowers with more flexibility, particularly in the early stages of their career. Some banks already have launched loan modification programs, while others are piloting programs in advance of a broader roll-out. These programs are designed to address the unique nature of student loan borrowers within the confines of safety and soundness principles as mandated by U.S. Government financial regulators. To learn more about student loan opportunities from CBA’s members and how they may be of assistance with a current loan, please visit the below sites.
Student Financial Aid Resources Provided by CBA Member Banks
Federal Student Aid Resources
Information on the federal student grant and loan programs, can be found at this website created by the U.S. Department of Education: https://studentaid.ed.gov/. The site contains links for borrowers to manage their individual federal loan accounts and provides information on the various financial aid programs administered by the US Department of Education.
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Private Student Loan Facts
Private Student Loan Facts
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