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Managing Your Education Loan

  • Know your child’s eligibility requirements (course load, grades, etc.) and keep them on track.
  • Develop a relationship with your child’s financial aid office. They can offer helpful suggestions and answer questions.
  • Don’t forget to factor loan payments into your family’s budget.
  • Keep your lender informed when moving or having money problems. If there is an unexplained problem with your payments, you’re the one that’s penalized.
  • Check your account online to help keep track of your payments and progress.
  • Don’t get frustrated with red tape—that’s why we’re here.