Guidelines for Effectively Managing Your Student Loan Debt
Developing a Repayment Plan
If you've graduated with student loan debt, it's crucial to prioritize budgeting and tackle repayment. Understand the loan types - federal and private loans - to determine the best strategies for repayment.
Exploring Forgiveness Programs
Discover various forgiveness programs available for federal loan holders, such as the Teacher Loan Forgiveness Program and Public Service Loan Forgiveness Program.
Investigating Options
Consider student loan consolidation and refinancing to potentially lower your interest rates, but be cautious about losing federal loan benefits. Use financial calculators to compare payoff amounts and make informed decisions.
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