Setting up automatic payments could get you a lower interest rate
Making for first payment early can help youand offset the interest your loans will accrue during their grace period.
Paying off your student loans has to start sometime — the sooner you get a jump on repayment, the sooner you'll be loan-free.1. Figure out who your loan servicer is, aka where you'll be sending your payment You'll also be able to make online payments here, or find an address to mail payments to if you want to do it the old-fashioned way.Most federal student loans have a grace period of six months to let you get settled after school. That means you'll start paying six months after graduation or after you drop below part-time enrollment.
But to do these things, you're going to have to make a budget. Lay out your expenses and your priorities, and start to think about how you'd like to save and spend. Make sure that your student loans are a part of this planning process. An income-driven repayment plan can help make your loans more manageable. Generally, this plan will reduce the monthly payment based on your monthly income.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rep. Alexandria Ocasio-Cortez makes a student loan payment while at a Congressional hearing on student debtRep. Alexandria Ocasio-Cortez, the youngest woman in Congress, gave her colleagues a first-hand look at what many people her age are facing when she made a student loan payment during a Congressional hearing on student debt. 'I literally made a student loan payment while I was sitting here at this
Read more »
Alexandria Ocasio-Cortez makes student loan payment while at hearing on student debtRep. Alexandria Ocasio-Cortez gives her colleagues a first-hand look at what many people her age are facing, making a student loan payment during a Congressional hearing on student debt.
Read more »
Maddox Jolie-Pitt Comments on His Relationship With Dad Brad PittBrad and Angelina's son Maddox Jolie-Pitt comments on his relationship with his father and if he'll be visiting him soon while in school.
Read more »
Student loan experts sound alarm on 'trillion-dollar blackhole'Student loan experts warned the House that the student debt crisis is now a “trillion-dollar blackhole” and was hurting the financial system.
Read more »
Hasan Minhaj Asks Congress to Fix Student Loan Debt Crisis'This issue is sidelining millions of Americans. People are putting off marriage, kids, homeownership and retirement — especially my generation,' the comedian said Tuesday on Capitol Hill.
Read more »
GOP Rep Brags His Kids Had 'Zero Debt, No Scholarships' in Student Loan Committee HearingA congressional hearing addressing the U.S. student loan debt crisis Tuesday saw a Republican congressman bragging his kids graduated with 'zero debt,' while a conservative panel member said borrowers simply made poor choices.
Read more »