![How to Repay Undergrad and Grad Student Loans [Whitepaper]](/content/dam/comerica/en/insights/images/personal-finance/how-to-repay-undergrad-and-grad-student-loans-white-paper-landscape-resize-img-1920x300.jpg)
Managing multiple student loans isn't easy, but it is a reality for students across the country. This is particularly the case for those with both an undergraduate and graduate degree. Taking out loans to pay for both stints in school requires a comprehensive plan for repayment.
That is often easier said than done. However, there are many concrete steps borrowers can take to more effectively manage their undergrad and grad student loan debt. Our white paper "How to Repay Undergrad and Grad Student Loans" contains insights on how to do just what the title states.
Pay attention to interest rates, relief options
A solid plan for paying down student loan debt will ideally help you meet personal financial goals and manage your monthly budget. In the white paper, we discuss strategies including:
- Choosing a repayment plan that works best for you; remember, both federal and private student loans typically offer multiple plans, including those aligned with your income.
- Prioritizing high-interest student loans so that you can reduce your costs over the long term.
- Taking advantage of whatever forgiveness, deferral, postponement or payment relief/reduction options exist for your loans.
- Considering refinancing or consolidating multiple student loans so you can maintain better control over your finances and still meet obligations.
