Student Loan Success Strategies - Prepare for Repayment

Before the grace period ends, establish the following strategy:

A. Review the repayment schedule from the Lender to see what your monthly bill will be and when it's due. You may have options for different payment plans so consult a smart financial person you trust to help you select the right one for you.

B. Practice setting aside the amount you will have to pay on your loans each month and discipline yourself not to spend this money so you can get a feel for what your income will be when payments begin.

C. Make any changes now to your spending and/or savings to ensure you will be able to pay your monthly expenses, meet other financial obligations, and have money to enjoy life. Ensure your expenses will not exceed your take home pay.

Info from "Success Strategies & Repayment Realities: A Guide to Repaying Student Loans," published by Access Group, Inc.

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