9 points
to
keep in mind
to
repay your
student loans
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1. Understand Your Loan
Know your loan terms, including interest rates and fees.
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2. Create a Budget
Make a spending plan to allocate money for loan payments.
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3. Explore Repayment Options
Research income-based plans for manageable payments.
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4. Prioritize High-Interest Loans
Pay off loans with higher interest rates first.
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5. Consider Consolidation
Combine loans for simpler management if beneficial.
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6. Boost Your Income
Explore part-time work to speed up loan repayment.
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7. Pay on Time
Consistency matters; set up automatic payments to avoid penalties.
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8. Negotiate with Lenders
If struggling, talk to lenders about modified terms.
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9. Seek Professional Advice
Experts can help with a customized repayment plan
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