Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Student Loans for Grad Students and other Student Loan topics.
Stay on top of your undergraduate student loans. This cannot be stressed enough. If you plan on attending graduate school using student loans, the ones you have already taken out must be in order.
Make sure you are aware of all the terms and conditions related to your current school loans. If you have not been making payments to cover the interest accrued while in classes, now would be a good time to start.
Attending graduate school will extend the length of your loans, allowing more time for interest to build up, rates to change, and incentives to be added. Keep yourself informed about all these developments so that when it comes time to consolidate your loans you are in the best possible position to save money.
The last thing you want to do is assume that you do not have to think about managing your loans for a few more years because you will still be in school. Throughout your education career you should know all the pertinent details about your loans and the state of financial aid in the United States.
There are many services that will send you updates free of charge in the form of e-mail or text messages, letting you in on all the latest information you should know. Your undergraduate time is supposed to prepare you for life as a graduate student, including loan management.
|Jennifer Mathes, Ph.D.|