saving spending and credit
Dealing with Student Loans
A student loan is a long-term investment in your future. If you have student loan debt, strive to make payments on time and in full. This will help 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. Let lenders know anytime your address or situation changes. If trouble arises, review your loan documents for repayment alternatives and ask for immediate help. Guidewell Financial Solutions offers free, confidential financial counseling that may help you get back on track. Also check out our “Managing Student Loans” course to learn more.