Student Loan Repayment

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

• future income estimates
• other obligations (taxes, credit card debt, other debt)
• basic expenses (housing, 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 your 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 Repayment , Extended Repayment, or Income-Based Repayment. This may free up additional money each month.

Proceed to Step 3: Estimate Your Payments.