10 Tips for Repaying Student Loans


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Address or phone number change? Make sure your lenders have that information to avoid missing important messages. ©Oakozhan/Thinsktock

Once you graduate from college, or if you move during the loan repayment period, let your lenders know your new address, phone number and e-mail as soon as possible. Most loan information will be e-mailed to you, but it's a good idea to be sure lenders have up-to-date contacts so you don't miss anything important. Open any e-mails or letters you get from lenders right away.

Missing payments because you missed the bill is not an excuse and will cost you money. If you're having trouble making loan payments, don't ignore requests from lenders for payment. Contact the lender about your problems and learn what your options are.