Student Loan Planning

What You Will Learn

• 1 Learn the key differences between federal and private student loan programs.
• 2 Understand how interest rates and capitalization affect total loan cost.
• 3 Analyze repayment plan options including standard, graduated, and income-driven plans.
• 4 Apply criteria for selecting the optimal repayment strategy based on income and goals.
• 5 Explore federal loan forgiveness programs including Public Service Loan Forgiveness.
• 6 Develop a budget that prioritizes student loan payments while covering living expenses.
• 7 Implement strategies to prevent default and manage delinquency.
• 8 Evaluate consolidation and refinancing options for loan simplification.
• 9 Plan for graduate school financing without increasing overall debt burden.
• 10 Create a long-term financial plan that incorporates student loan repayment with savings and investments.