The Day of Reckoning! If you have borrowed wisely and possess a basic understanding of loan terms and conditions, repayment does not have to be so frightful. Exploring the TELL ME ABOUT… topics below will help you to understand the importance of:
- Comprehending loan-related terminology
- Selecting the best loan repayment plan for you
- Making use of deferments
- Knowing what to do if you hit a rough spot financially
- Consolidating or not consolidating your loans
Whether you are in repayment, about to go into repayment, or just contemplating taking out a student loan, it is always beneficial to learn more concerning the loan/repayment process. Acquiring and making use of that knowledge could ultimately save you money. The links below will take you to the pages where various loan-related topics will be further examined.
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Introduction to Repayment
Knowing ‘the basics’ before making that first payment
Understanding the many choices offered
Deferments / Forbearance / Cancellations
Making use of benefits
Determining the advantages and disadvantages