Repayment

Having to repay a student loan shouldn’t mean that you put your life on hold. You’ll find that most doctors, lawyers and other businessmen and women are all paying back loans while thriving in their chosen careers.

MSNBC Today: Saddled with Student Loans? Here’s What to Do

Defaulting on your student loan means you cannot afford to make your repayment obligations. This will have a negative impact on your credit score and prevent you from securing future low interest loans for cars, homes or refinancing. But even in default there are still options available for you to handle this situation:

Default Management Services

For advice on overcoming default challenges related to your student loan debt read through:

Education Assistance Corporation: Get Your Loans Out of Default

There are numerous financial experts who offer strategies for paying off your loan. Taking their advice means you’re taking proactive steps to manage your loan. This will make the repayment process free of stress and anxiety.

CBS News: Student Loan Payback Strategies

Upon graduation, certain loans offer “grace periods” or deferments until you find gainful employment. You should be aware of these choices before signing up for any loan.

Give back

What helped you while you were dealing with repaying your student loan? Take a look back at your journey and share with other what helped you and what you wished you would have known/done during your student loan experience. You can create a profile, reach out to other survivors, join support circles or share your story by following the links at TheSurvivorsClub.org

Blogs and Forums

• U.S. News: Blog – Getting out of Student Loan Debt
• The Student Loan Debt Blog: Can you Get Student Loans Discharged When You File for Bankruptcy
• Word Press: Student Debt – Denying The American Dream
• iVillage: Debt Support Group
• Student Loans: Bankruptcy Forum