WSAC Loan Education Center – Helping students understand the structure of their loans, their loan repayment responsibilities and options available to them

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Applying for Financial Aid

It all starts with a FAFSA or WASFA. Learn more about what these forms are and how they open the doors to more than loans.

College Savings Plans

There are a number of ways to save for college or training. If you found your way here early, let’s explore how to prepare today for the future.

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Understanding College Costs

Tuition is only one part of the cost of attendance. Learn how to find and compare the total expected costs.

Understanding Aid Options and Comparing Award Letters

In the excitement of receiving that acceptance and award letters is also the decision making. Learn how to read award letters to help you compare offers.

How Much Should I Borrow?

For many students, taking out loans is a necessary part of financing their education. If you think you might need to take out a loan, how much should you borrow?

Options and Benefits for Service Members and Veterans

If you are a current service member or a veteran, you have some unique opportunities to help fund your education! Learn more about how to access them.

Finding Loan Information

Thinking about taking out a loan or interested in learning more about a loan you already have? You’re in the right place!

Repayment Plans

Student loans come with a variety of payment plan options. Learn more about them and how to switch plans.

Loan Forgiveness, Cancellation, and Discharge

In some cases, loans can be forgiven, cancelled or, under certain circumstances, discharged. Learn more about the programs and how to apply.

Trouble Making Payments: Consolidation, Default, & Rehabilitation

There may be options that help! Learn more about what options may exist and then discuss this with your loan servicer.

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How Does Student Debt Affect Other Financial Decisions?

Student loans today could impact your plans in the future. Let’s talk about things you should consider beyond the loan itself.

Scams and Deceptive Practices

Identifying a scam or deceptive practice early may save you time and money. Learn more about the common things you should watch for.

How to Make a Complaint About Your Student Loans

You are not on your own. Learn more about the resources that can help you if you think you are being taken advantage of.

State-Based Tuition Recovery

This module only applies to a very specific group of students attending schools in Washington State. Learn more if this applies to you.

Federal Consumer Info and Warnings

If you are thinking about taking a student loan or already have student loans, it is important to know what your rights and responsibilities are for these loans.

View All Modules

The student loan education site contains a series of modules with information on specific topics. You can view modules related to the areas of interest listed above or view all modules available. Click on any of the above links based on the information you need.

Did you know?

The average student loan debt for WA borrowers is $35,740.

WA borrowers hold about $27.4 billion in student loan debt

Did you know?

Between 2012 and 2017, the number of senior citizens in Washington State with student loan debt increased by 36%.

Did you know?

12 years after leaving school, black student loan borrowers have four times as much debt as white borrowers.

Women hold about 66% of the student debt nationally

Did you know?

On average, 12 years after entering college, white men have repaid 44% of their student loan balance. White women have repaid 28%. Black men’s student loan balance has grown by 11% and black women’s debt has grown by 13%.

Did you know?

Black students and students at for-profit universities (who are largely students of color), borrow at a higher rate, borrow more and experience greater difficulty in paying off loans than white student borrowers.

Did you know?

Washington Public four-year college & universities rank 5th for best four-year graduation rate in the nation
Washington is among the top 10 states for the lowest student debt for a bachelor’s degree.

Did you know?

48% of the class of 2017 graduated from a Washington four-year institution with no student loan debt
If you qualify for the Washington College Grant you are guaranteed to receive it in Washington starting in the 2020-2021 year

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WELCOME TO THE WASHINGTON STATE STUDENT LOANEDUCATION SITE

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WELCOME TO THE WASHINGTON STATE STUDENT LOAN
EDUCATION SITE