How to Make a Student Loan Repayment Strategy Before Graduating

Waiting till after your payment term starts ‘to see how it goes first’ before making a plan can be a huge mistake. Paying back student loans can get stressful very quickly. Making a student loan repayment strategy even before you graduate will help you avert any potential disasters.

A student wearing graduation robes facing away from the camera.

Smart Strategy for Student Loan Repayment

Start by making a spreadsheet of all your loans along with their interest rates, and monthly payment deadlines. This will give you a pretty good idea of how much you owe and also how much you need to earn to meet your monthly financial obligations after your grace period.

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Fixed cap on variable-rate loans

Variable rates from 2.50% - 6.30% APR with auto-debit

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Repay Your Loan Sooner

Save what you can and start paying back your more expensive loans. It’s tempting to splurge when you find yourself with some extra cash. But if you make it a habit to save that extra money and put it towards repaying your loan sooner, you can reduce your overall debt considerably.

Consider Refinance and Consolidation

Another great student loan repayment strategy? Refinance and consolidation.

Refinancing your student loans lets you get different terms, monthly payment amounts, and even interest rates, allowing you to better customize your repayment to your situation.

Consolidation makes multiple student loans easier to manage, since it combines them into one singular loan. That means one set of terms, one monthly payment, and one interest rate to keep track of. It definitely reduces student loan stress.



Lender Rates (APR) Eligibility
Earnest company logo.
Variable APR: 1.89% - 7.99%*
Fixed APR: 3.49% - 7.99%*
Undergraduate and Graduate
Lendkey company logo.
Variable APR: 2.05% - 5.25%*
Fixed APR: 2.69% - 7.93%*
Undergraduate, Graduate, Parent PLUS
Credible company logo.
Variable APR: 1.86% - 8.38%*
Fixed APR: 2.35% - 8.73%*
Undergraduate and Graduate
Laurel road company logo.
Variable APR: 2.50% - 6.30%*
Fixed APR: 3.99% - 6.40%*
Undergraduate and Graduate
Fixed APR: 3.94% - 9.08%*
Undergraduate, Graduate, Parent PLUS
VISIT ISL Education Lending
Variable APR: 3.44% - 7.99%*
Fixed APR: 3.99% - 7.99%*
Undergraduate and Graduate
VISIT College Ave
Variable APR: 1.86% - 7.98%*
Fixed APR: 3.99% - 6.99%*
Undergraduate and Graduate, Parent PLUS

*APR includes a 0.25% interest rate reduction for enrollment in automatic payments.

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