What should I expect when paying off a college loan?

Answer by  Gabriel (2146)

Expect to take your time. Making your payments on time will help you improve your credit. If you start to run into trouble making your payments, call your lender immediately. They want you to pay the loan, and will work with you to help you do that. They can come up with ways to help if you need it.

Answer by  Echo (229)

It depends largely on the type of loan you've taken. For a Stafford Loan it is divided up into monthly payments like a mortgage. You are expected to pay this money back each month. However there is no penalty for paying earlier and taking care of some of the outstanding debt.

Answer by  bjc (354)

You should expect financial freedom, a sense of satisfaction, a feeling of pride, and the ability to afford more luxurious items.

Answer by  tamarawilhite (17883)

1. The loan provider may provide road blocks, such as delays in paperwork or demanding extra forms. 2. Keep all paperwork forever in case collectors call later.

Answer by  amberjusm (306)

Make your payments monthly, on time. If you ever see that you can't afford to make your payment, call your lender immediately to get forbearance.