2020 Best Invention
Elena Botella

Elena Botella

Special Assignment Writer

Elena Botella is a financial journalist and consumer advocate who lives in Washington, D.C. Her writing has appeared in American Banker, Slate and Forbes.com.

All ArticlesStudent Loans

Articles written by Elena Botella

How Do Student Loans Work?

Written by Elena Botella
Updated December 31, 2021

Student loans can be offered by the federal government, local governments, or private lenders. They can be used to finance tuition, room and board, and living expenses. The rules and terms for student loans vary and the debt associated with these loans generally cannot be discharged via bankruptcy. Repayment options for federal loans differ from those available for private loans. Similarly, interest rates, grace periods, and prepayment terms differ as well. It is important to understand how the loans you're either being offered or have already taken out "work" when developing a successful plan to repay your student loan debt obligations.

Read More →

Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families who cannot afford lawyers file bankruptcy for free, using an online web app. Spun out of Harvard Law School, our team includes lawyers, engineers, and judges. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. It's one of the greatest civil rights injustices of our time that low-income families can’t access their basic rights when they can’t afford to pay for help. Combining direct services and advocacy, we’re fighting this injustice.

To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal.