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Time to start repaying student loans

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If you finished college in May and have federal student loans, it’s almost time to start repaying them. These tips from the Kentucky Higher Education Assistance Authority may help.

One of the smartest things you can do is pay more than your scheduled payment amount. If you ask your lender to apply the extra to the principal, you will pay less interest over the life of your loan.

You have several plans from which to choose. The standard repayment plan calls for equal monthly payments over 10 years. The minimum monthly payment is usually $50. Other options include:


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The Kentucky Standard | circulation@kystandard.com | 502-348-9003
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