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Home  >  Articles  >  Managing Your Student Loans

Managing Your Student Loans

Though millions of people struggle to manage their student loans, remaining proactive and seeking the guidance of an experienced accountant can help alleviate such financial stressors. Building a manageable plan to repay your federal student loans can help you build a solid financial foundation. Repayment plans for student loans set tangible parameters on the monetary amount and length of time that you will be paying on any given loan. When you create a plan that is manageable and realistic, you can responsibly pay back your loan all while improving your credit rating.

Repayment Plans

Often, student loans are a financial concern that many people must confront upon graduation. As such, there are many types of repayment plans available for student loans. A qualified accountant can further advise you on loan repayment plans, some of which include:

  • Standard repayment plan
  • Graduated repayment plan
  • Extended repayment plan
  • Income-based repayment
  • Pay as you earn repayment
  • Income-contingent payment plan
  • Income-sensitive repayment plan

Having a plan to pay back your federal student loans will help you greatly as you manage your debt. An Austin accountant will be able to advise you further on how to best approach your student loans.

Contact an Accountant in Austin for Assistance

If you are considering getting a student loan or are wondering how you will manage your debt and pay it back in a responsible manner, contacting an Austin accountant may be in your best interest. For further consultation on any accounting needs or questions that arise, please contact The Accounting People by filling out the form at the top of this page.