Student Loan Repayment

With your financial goals in mind, you are ready to create a budget. Our online budget calculators and tutorials can help guide you. Be sure to include:

• future income estimates
• other obligations (taxes, credit card, other debt)
• basic expenses (food, transportation, etc)
• miscellaneous expenses (entertainment, etc)

Looking at your debt and resources collectively will allow you to determine if you should pay your debt:

• as fast as you can
• more slowly based on what you can afford
• more slowly in order to maximize ability to save/invest for the future

If your budget shows a deficit you either need to reduce expenses or consider a different loan repayment option like graduated or extended repayment. This may free up additional money each month.

Proceed to Step 3: Estimate Your Payments.