How to prepare for student loan repayments

How to prepare for student loan repayments

Make sure your student loan servicer can find you. Go to your servicer’s website and verify your latest contact details.

Contact your servicer and develop a good repayment strategy.

To prepare for upcoming payments, sit down and crunch some numbers to create a budget.

See if your current repayment plan best suits your financial needs.

Look into income-driven repayment plans that adjust your monthly payment to a percentage of your income.

Consolidate your loans. It will extend your loan repayment term.