financing your dream
Payment Strategies that Work
Repaying a student loan is a long-term commitment. Making regular payments will cement your relationship with your lender and improve your credit score. What other payment strategies make sense?
- If you decide to pay off loans ahead of schedule, begin with the private loan that has the highest interest rate.
- Avoid having too much contact with your lender.
- If you run into difficulty, make sure to handle it on your own.
“A” is correct. Also let your lender know anytime your address or situation changes. If trouble arises, don’t be afraid to ask for help. Now it’s time to take a look at some of the financial challenges you may face once you’re in college. Continue to “Making Your Move.”