Loans Expert

Students at the University of North Alabama who received their loans from Edamerica could be seeking money elsewhere if the lender doesn’t come through with the funds for borrowers by Sept. 15, school officials say.

As the fall semester began, Edamerica, based in Knoxville, Tenn., had been notifying students and colleges of its intention to delay releasing funds for college loans as it awaits money from the federal government. Ben Baker, director of student financial services at UNA, estimates that 400 university students have been affected by the delay.

On average, students come out of higher education with around ?17,500 worth of debt, but this need not be as scary as it sounds. By taking the available student loans and grants and making the right choices with your banking, this debt can be kept in check. Above all, good budgeting throughout your university years means you can have a big say in how your finances will look when graduation time comes around.

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