Sponsored Post: Understanding Student Loans: Repayment Strategies and Relief Options

If you have federal student loans, now is a good time to review your balance, repayment plan and next payment date. That is especially important for borrowers affected by the end of the Saving on a Valuable Education (SAVE) repayment plan. Whether you’re preparing for your first payment after graduation, returning to repayment or already paying down student debt, the following steps can help you manage your loans alongside your other financial priorities: 1) Start with the details Before choosing a repayment strategy, confirm what you owe, whether your loans are federal or private, their interest rates and who services them. Also check your current repayment plan and monthly payment. For federal loans, your Federal Student Aid account provides an overview of your loans and links to repayment resources. Private-loan borrowers should contact their lender for account information and available options.

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