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If you are one of the more than 40 million Americans who have student loans, there are a number of things you should know about your student loans.This is a sponsored post on behalf of our friends at Citizens Bank. Despite Citizens Bank’s sponsorship, all opinions and/or advice are provided by YoungAdultMoney.com. #sponsored.

College and graduate school can be exhausting.

Which begs the question: Why can’t student loans be simple?

Unfortunately, student loans are complicated. The good news is that if you are willing to set aside some time you can understand your loans and repayment options.

My wife and I graduated undergrad with over $100k in student loans. Our student loans motivated me – and continue to motivate me – to learn more about money. I wanted to make the most of our money and make the best choices when it comes to repaying our student loans.

There are a few things I think borrowers should know about their loans. Some of these are simple, others will take more work, but at the end of the day you won’t regret understanding your loans and options better.

 

1) How Much You Have in Student Loans

 
If you don’t know how much you have in student loans, you aren’t alone. Many borrowers do not regularly check how much debt they’ve taken out while they are in school.

There’s also many who get their first student loan bill, look at it, laugh, and ignore their loans. (If this is you, I’m glad you are reading this!)

But even those who diligently make their student loan pay… Read More

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