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Signing up for too much debt can make life after college very difficult. This is sadly the truth for lots of young people that borrow without knowing the details and implications of what they’re getting into. This article can help you feel more comfortable with student loans. Consider private funding for your college education. While public loans for students are available widely, there is a lot of competition and demand for them. Private loans have a lot of advantages that public loans do not. Look at these loans at a local college since they can cover one semester worth of books. If you can’t make a payment on your loans because of unforeseen circumstances, don’t worry. Typically, most lenders will allow you to postpone your payments if you can prove you are having hardships. Just know that the interest rates may rise. If you are considering paying off a student loan early, start with the loans with high interest rates. If you focus on balances instead, you might neglect how much interest you accrue over time, still costing you money. Work hard to make certain that you get your loans taken care of quickly. Always pay on each of them at least the minimum. Second, pay anything extra to the loan with the highest interest rate, not the one with the highest balance. That will save you money. Make sure you understand the true length of your grace period so that you do not miss payments. If you have Stafford loans, you will usually have about 6 months. Perkins loans are about 9 months. Other loan types are going to be varied. Do you know how long you have? If you are considering paying off a student loan early, start with the loans with high interest rates. If you think you will be better off paying the one with the highest monthly payments first, you may be wrong. Best to look at the interest rates. Making monthly payments is often difficult for those whose budget is tight. A good loan rewards program can make it all more manageable. For instance, check out SmarterBucks and LoanLink, both of which are offered by Upromise. These are similar to programs that give cash back. When you spend, you get rewards that you can use on loans.