The majority of students will have at least one type of loan - student, auto, private - and it is important to understand repayment schedules and interest accrual. Regardless of the type of loan, keep the following tips in mind:
- Keep track of how much you’re borrowing, and only borrow what you need
- Understand the terms of your loans and keep all documents
- Always make on-time payments
- Communication with your loan servicer if you need to change your contact information, your student status (full-time to part-time, leave of absence, etc.), or you are struggling with repayment.
Need help managing multiple bills and payment plans? Use the resources below to better manage your debt.
Watch the video below to learn more about responsible borrowing:
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