Repayment Tips:

Make sure you have all your loan records organized.
It is important that you keep all of your loan papers and correspondence.
Keep copies of everything.

Create a monthly budget

Know the amount of your student loan payments.
Your lender automatically arranges a standard repayment schedule, but will provide you with information about other options (discussed in the next topic).
Make sure that you factor your student loan payments into your monthly budget.

Check to see if your lender offers automatic payment withdrawal.
This is an easy way to make sure your payments are made on time.
Some lenders even lower your interest rate if you sign up for this option.

You may be eligible to deduct up to $2,500 of the student loan interest you paid! Contact the IRS or a tax advisor for more information, or review IRS publication 970, "Tax Benefits for Education," available at www.irs.gov.