Student Loan Assistance Program
Helping graduates reduce their student loan burden and avoid default.
Education Aid provides direct support to graduates struggling to make their student loan payments. By easing this financial strain, the program reduces the risk of default, protects credit, and allows graduates to focus on building their careers and futures.
Why This Matters
💰 Student loan debt in the U.S. totals more than $1.6 trillion.
(Source: Federal Reserve)📉 About 1 in 5 borrowers are behind on their payments.
(Source: U.S. Department of Education)⚠️ Nearly 1 in 10 borrowers eventually defaults on their student loans.
(Source: Federal Student Aid)💳 Default can damage credit scores for years, limiting the ability to buy a home, rent an apartment, or even get a job.
🚫 Many borrowers are unaware of repayment options or struggle to access them without guidance.
Our Solution
The Student Loan Assistance Program provides:
✅ Financial support to help make monthly loan payments manageable.
✅ Short-term relief to prevent delinquency or default.
✅ Guidance toward long-term repayment strategies, such as income-driven repayment plans and forgiveness programs.
✅ A bridge for graduates during periods of underemployment or financial hardship.
Eligibility
Typical requirements may include:
Graduation – Must have completed a degree or certificate program.
Loans – Must have federal or private student loans in repayment.
Need – Demonstrated financial hardship or difficulty making payments.
Standing – Loans must not already be in default at the time of application.
⚠️ Details may vary each cycle. Always review the application for current requirements.
Interested In Funding A Scholarship
Education Aid will work with any company, organization, or individual to create a Scholarship Program that meets their mission and values. If you are interested in sponsoring a Scholarship Program yourself; or making a general contribution to the Support a Student Scholarship Program, please contact Karyn Balfour at kbalfour@educationaid.org.