Updated on July 20, 2012
At NDNU, illness we’re always looking for new ways to give our students a leg up. That’s why we just teamed up with SALT, a program of American Student Assistance (ASA), to help our students manage their education funding and personal finances. Best of all, this service is available at no extra charge to all of our students and alumni; you just have to sign up!
SALT is simple. When you log in to your account for the first time, you’ll be asked a few questions about yourself so it can gather your federal loan information. Everything you need to know about your student loans will be in one spot, making it easier for you to see the big picture and manage your payments. No financial mumbo jumbo. It’s all laid out for you in a way you can understand, so you can finance your education and set yourself in the right direction financially for the future. If you also have private loans, you can add those in manually. SALT will crunch all the numbers and tell you how many loans you have, how much you owe, and your monthly payment based on the standard repayment plan. If that number is too big, SALT shows other repayment options available to you, gives you a reason why each option is better, and tells you how much you would have to pay under those plans.
But it doesn’t stop at student loans! SALT also helps you manage your money in other areas in your life. Let’s say you have a job, or are looking at a certain kind of job and know how much income you’d make. Enter that income and the type of place you’re living in or want to live in (small, average or large city), and it lays out your options in a simple graphic – your payments for your loans, housing, recreation, food, and transportation, and what you’ll get in each of those categories. Looking for a job? There’s a tool for that. Need scholarships? There’s a tool for that too. If you’re confused about all the fancy loan names, SALT breaks it down for you, in a way you understand. And let’s not forget that with My Money 101, you can take financial courses online in areas such as budgeting, credit cards, and reaching your financial goals, so that you’re armed with the financial know-how to go out in the world and pave the life you want.
Are you ready to take charge of your student loan management? Get financially savvy with SALT at NDNU.