About This Chapter
Student Loan Repayment: Chapter Summary
Given the high cost of attending college, repaying student loans after it's all over can be a daunting task. Our experienced guidance counselors and academic advisors will familiarize you with your repayment options and help you avoid default. This chapter includes:
Calculating your monthly payments
Once you're ready to start repaying your student loans, you'll need to determine your monthly payments. Our video lessons will give you practical advice for calculating how much you should pay every month.
Determining your repayment options
There are a number of repayment plans available, but how do you determine which is right for you? Our qualified counselors take into account factors such as your income and family size and present options that may fit your needs.
Managing your loans
After you begin making loan repayments, you may feel overwhelmed trying to keep track of everything. Let our guidance counselors provide you with strategies for managing your student loans. Stay on top of your payments to avoid default.
Finding student loan forgiveness programs
If at some point you find it impossible to repay your student loans, you may be eligible for loan forgiveness programs. We'll introduce you to a range of options, including the Public Service Loan Forgiveness Program and Teacher Loan Forgiveness Program.
1. Calculating Monthly Student Loan Payments
In this lesson, we will discuss how student loans work and how they are calculated. We will also talk about the plans you should make to save money by paying your loan back sooner than what the payment schedule says.
2. Student Loan Repayment Options
Most students have to rely on loans in order to help pay for college. This lesson explores the many options available to students for repaying those loans.
3. Student Loan Forgiveness Programs: Definition & Options
Student loan forgiveness programs help make higher education affordable by erasing some or all loan debt. This lesson will discuss the ins and outs of student loan forgiveness programs and will end with a short quiz to test what you have learned.
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