Strategies to Avoid Defaulting on Student Loans

Here are the top 5 strategies to avoid defaulting on student loans

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Understand the type of loan you are getting, its interest rates, and repayment terms

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Read the promissory note: The legal document that lists the terms of repayment

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Borrow only the money you need for tuition fees

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Track the educational loan online

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Keep loan documents in an organised file. For example, payment schedule

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Check out the available loan forgiveness programs

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Click here to learn more about the strategies to avoid defaulting on student loans

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