Tag Archives: student
National Student Loan Data System (NSLDS)
National Student Loan Data System (NSLDS) is the central database of U.S. Department of Education for student aid. It stores and manages data from schools, agencies that guaranty loans, the Direct Loan program, and other U.S. Department of Education programs. NSLDS provides a centralized, integrated report of Title IV loans and grants that are tracked through their entire cycle; from aid start to end.
NSLDS web application is available 24 hours a day, 7 days a week for the student. but, safeguarding of the NSLDS database can occur on the weekends or late hours that’s may cause the application to be unavailable for a short period while maintenance work is performed. NSLDS Student Access web site use SSN, PIN, and personal information to secure student information.
Student get various customize report from the web application. The application displays information on loan and/or grant amounts, outstanding balances, loan statuses, and disbursements In order to use the NSLDS Student Access application, you will need to provide some security answer like -Social Security number (SSN), the first two letters of your last name, your date of birth, and your PIN.
The PIN is one type personal identifier like a banks PIN and that’s why it should be kept secure and private. It gives student the authority to access the NSLDS Student Access web site, as well as other U.S. Department of Education web sites. Student can request a PIN at the PIN web site. You can re apply for a PIN or a new PIN at the PIN web site. Yes. It is highly recommended that you request to change your PIN, if you think it is not secure or has been compromised.
The loans and grants listed on this web site have been reported from different sources. In general, the agency that authorized the aid award is responsible for reporting aid information to NSLDS. Stafford loans are reported by guaranty agencies, Direct loans are reported by the Direct Loan Servicing Center, Perkins loans are reported by schools (or their agent), and grants are reported by the U.S. Department of Education’s Common Origination and Disbursement System.
Grant information is reported to NSLDS daily. New loans are reported to NSLDS within 30 days of receipt of funds.
Why do credit card companies target college students?
Many credit card companies see the marketing potential in college students. Credit card companies use promotional offers and free gifts like t-shirts, coffee mugs, or CDs to entice students on signing up for their company.
Have you ever asked why? Loyalty is a good reason. Credit card companies are competing to be the first credit card that the student will own. By being their first credit card, it is very likely that even when they graduate from college and enter the corporate world, students will be upgrading their credit cards with the same credit card company.
Students are Big Spenders
Aside from this, college students are great spenders. Lets face it, credit card companies love customers who spend much using their credit cards. The more a person uses his credit card, the better it is for the business. And students are usually prone to over spending or using their credit cards excessively not just for their school necessities but on luxuries as well.
Despite the fact that college students are still in school and most do not have stable jobs to finance them, credit card companies are still doing everything to encourage these students on obtaining a student credit card. Furthermore, credit card companies are encouraging students to use their credit cards as often as they can.
Regardless of whether a student can afford to pay it or not, credit cards are willing to take the risk. Why? Because they can simply charge additional costs on the customers account if they fail to make their payments on time. For instance, credit card companies profit from charging interest rates and penalty fees on their customers. Obviously, customers who fail to pay their balances promptly pay more even if it takes them some time to repay their bill. In the end, the credit card company is still the one who benefits.
Students Need Credit
It is also interesting to know that students will do everything in order to repay their credit card debts. Although, students may fall behind on their payments, they will still find some way to pay off their debts especially as they are about to graduate and find employment. Students may get a part-time job, get a student loan, or borrow from their parents or relatives the money to get off their credit card debts.
Students need to clean up their credit report from any unimpressive records. They need to boost their credit rating so that future employers and creditors can find them worthy of their approval. Thus, credit card companies know that whatever happens, students will find a way to settle their credit card debts sooner or later.
In view of this, it is up to the students on how they will use their student credit cards to their advantage. Credit card companies do not have to be the only ones to profit. A student credit card can provide great help and support during a students college years as long as the student knows how to manage his finances responsibly.