Student loan repayments begin again soon. Here are tips on how to get it done using organizational skills, spending strategies and payback implementation, according to money pros.
Aim for long-term goals
While student debt might be top of mind, it’s important to view paydown in the context of a wider financial picture, said a financial expert. "The passing of the SECURE Act enabled plan holders to withdraw up to $10,000 tax-free toward student debt," Patillo told FOX Business. To be better prepared for budgeting and loan payback, here are some tips for setting a sound financial foundation. Be honest with yourself about your potential income out of college, compared to your expected minimum payment, said Liersch with Wells Fargo.
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