Magazine article The Hispanic Outlook in Higher Education

Education Department Launches New Website and Social Media Tools to Help Students Navigate Financial Aid Process

Magazine article The Hispanic Outlook in Higher Education

Education Department Launches New Website and Social Media Tools to Help Students Navigate Financial Aid Process

Article excerpt

WASHINGTON. D.C.

The U.S. Department of Education has announced a new streamlined website and several social media tools that will make it easier for students and families to navigate the financial aid process and make informed decisions about paving for college. The launch of the new website, StudenlAid.gov, follows a report from the U.S. Department of Education and the Consumer Financial Protection Bureau about consumer protection issues with private student loans and recommendations to improve the suident loan marketplace,

"We want to give students and parents the information they need to make smart and affordable education choices. A big part of dial is educating people on the most affordable way to finance a college education; federal student aid," said U.S. Secretary of Education Arne Duncan. "This new, easy-tounderstand website will help families better navigate the process of planning and paying for college. And it will help students manage their loan payments after they graduate so they avoid falling into default."

The new website, along with die financial Awareness Counseling Tool dial launched in tbe summer, serves as the department's response to President Obama's June 7 directive to enhance online and mobile resources for loan repayment options and debt management, StudeniMd. …

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