Student Loan Repayment:If you’re about to borrow a student loan, ensure you understand the true financial cost of what you are borrowing. Also, remember first to maximize your federal student loans before borrowing private student loans. For federal student loans, you have several student loan repayment plans through the federal government based on your income that can lower your monthly payment. If you are having trouble paying your student loans, contact your student loan servicer before problems arise. Even with limited funds, you can take action to manage your emergency fund, retirement account and student loans.

Source: Forbes May 24, 2018 12:33 UTC