If you recently graduated college, remember that your grace period doesn’t last forever. Come fall, 2013 college graduates will start receiving student loan bills from their lenders.
The Buffalo News offers some great tips on paying back your student loans and outlines the different types of repayment programs.
Getting a forbearance on your student loans can be a good short-term option if you’re struggling with repayment. However, the interest can really add up, and you might end up paying thousands of dollars on top of the loan after just a few years of forbearance. Watch the video above for one student’s story about the long-term costs of forbearance.
After graduating, many students worry about how to repay their student loans. The helpful video below from the Office of Federal Student Aid explains how switching repayment plans, exploring deferment and forbearance options, and consolidating your loans could help you avoid default. If you’re having trouble repaying your loans, the most important thing to do […]