Know Your Loan Obligations

In order to manage your student loan debt, you must understand the different types of loans that you have. Your loan promissory note tells you the terms of the loans borrowed.
It is important to:
1. know how much do you owe.
2. know what is the interest rate.
3. know how much are your payments and when are they due.
4. know the length of time for repayment.
5. know if there are any service commitments to the loans ( primary care) and when to report.
6. know who your lenders are ( phone numbers/addresses)
7. know if there are any cancellation provisions on your loans. ( Perkins)

Review the descriptions of each type of student loans here.