Managing Your Student Loan Debt

Managing Your Student Loan Debt

Overview: Use Andwise's robust tools in partnership with Payitoff to efficiently manage your student loan debt with automated data retrieval and tailored repayment plan suggestions.

Instructions:

Access the Tool: Log into your Andwise account and select 'Student Loan Management'.

Link Your Loan Information: Connect your student loan servicer accounts to automatically import your loan data.

Review Loan Details: Confirm the accuracy of your loan amounts, interest rates, and repayment status.

Explore Repayment Options: Evaluate various repayment plans, including income-driven repayment options, to understand their effects on your monthly payments and total repayment cost.

Simulate Different Scenarios: Adjust variables like income or family size to see how they influence your repayment strategy.

Select a Plan: Choose the repayment plan that best aligns with your financial objectives and personal circumstances.

Tips:

- Keep your loan information current to get precise recommendations.

- Regularly simulate different repayment scenarios to proactively adapt to changes in your financial situation.

Updated on: 08/05/2024