Planning for Debt Management
To mitigate the impact of student loan debt on your financial future, it’s crucial to develop a comprehensive debt management plan. This plan should include a realistic budget that allocates funds for loan repayment while still meeting other financial needs.
Consider the potential impact of student loan debt on your credit score and ability to qualify for other loans, such as a mortgage or car loan.
Explore options for consolidating or refinancing student loans to secure lower interest rates and reduce monthly payments, freeing up funds for other financial goals.
