You’ve done it! Congratulations! After years of hard work, you are finally graduating from college with a degree. Now what? In addition to finding a job and working out the details on the next phase of your life, don’t forget that an important part of your future is paying back any student loan debt you may have incurred over the course of your college career.
While you may be aware that most loans offer grace periods before repayment is to begin (six months for a Federal or Direct Stafford Loan, nine months for a Federal Perkins Loan), don’t wait until your grace period is up to figure out your next steps. The Financial Aid office at your institution can provide information on how the payback process works. If you have a federal loan, the U.S. Department of Education and Federal Student Aid has a good, online resource to help get you rolling.