Best Way To Avoid Student Loan Default

Do we really have to say it? The best way to avoid student loan default is to pay the loan off. But how to plan for it? So how can you avoid a student loan default from the onset?   Understand Your Needs and Your Loan Figure out exactly how much you are going to need. Include whatever you can’t cover yourself by whatever income you have coming in; then borrow no more than that amount. Do not accept a higher amount offered; it tends to get you in trouble. Then look at your loan documents carefully and make the best choice for you. This is a legal document that you have to live up to for some time. Understand the refinance options, the monthly payment, the rate, and when the repayment plan starts. […]