Financial Awareness Counseling Tool

Federal Student Aid's online, interactive loan counseling tool, the Financial Awareness Counseling Tool (FACT), helps students and families better manage their finances and understand their obligation as borrowers.

This online resource provides students with the basics of financial management and information about their federal student loan debt (and total student loan debt if they enter information about their private student loans).  The tool also estimates what their student loan debt is likely to be when they leave school and provides financial planning tips.

To take advantage of this resource, visit the Financial Awareness Counseling Tool on StudentLoans.gov.