Repaying a Student Loan? Be Aware of These Issues
Repaying a Student Loan? Be Aware of These Issues Graduation mortar board cap on one hundred dollar bills concept for the cost of a college and university education Repaying a Student Loan? Be Aware of These Issues Graduation mortar board cap on one hundred dollar bills concept for the cost of a college and university education Repaying a Student Loan? Be Aware of These Issues The average college graduate in 2016 had $37,172 in student loan debt , according to the website Student Loan Hero. That’s a lot of money to pay off after graduation. Paying it off should be as simple as writing a monthly check to the lender. Unfortunately, there are some potential student loan problems that borrowers should be aware of when repaying their student loans. Here are some of them: Track your loans Know how much you owe and to whom. This sounds straightforward, but it can be confusing. Why? Because the servicer of the loan that collects payments often isn’t the original lender. If you have...