Student Loan Plan For Loan Debt Essay

1324 Words Jun 24th, 2015 null Page
I graduated from law school in 2011 with $206k in student loan debt. Since then, I’ve paid down my debt to $131k. While it is still a work in progress, there is so much that I have learned over the last few years.

If you are like me and have student loans, then there will come a time when those loans will come due. Whether you are just graduating college or whether you are a few years out and you are just getting around to it, getting organized and planning for repayment are the first steps in actually repaying your student loan debt.

Repaying your student loans may seem overwhelming, complicated, or confusing initially – it definitely did for me – but with a little structure and planning, student loan repayment can be a smooth process.

Here are six steps to make your student loan plan of attack, including how to understand, organize and optimize your student loan payments.

6 Steps to Organizing Your Student Loans In Preparation for Repayment

1. Gather your loan documents and login information

First, you should find all of the loan documentation (hard copy and online) and put it in one place. This may mean putting all hard copies in a folder specifically for your student loans and/or creating a separate “student loan documents” folder on your computer. Putting all of your student loan documents in one place will help you stay organized and enable you to find all of the relevant documents when you need them.

Along the same lines, at this stage, you should create online…

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