Student Loan Repayment: What Do You know?
While you’re still in college do what you can to avoid unpleasant surprises when your loans go into repayment status and a payment is due:
- Get familiar with the repayment requirements of your loans.
- Make sure you can calculate an estimate of your monthly loan payments.
- Use the Consumer Financial Protection Bureau’s Student Debt Repayment Assistant to guide you through your federal, state, and private loan repayment options.
“You have been told that Real Life is not like college, and you have been correctly informed. Real Life is more like high school.”
While navigating the repayment process, contact your lender or loan servicer for assistance. If you encounter problems use TISLA (The Institute of Student Loan Advisors) for free expert student loan repayment advice and dispute resolution.
Be a well informed borrower and be sure you know the answers to the following questions: