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Student loans are that one little thorn in your side that frustrated you after you graduate. Like it or not, you must find a way to make those payments or you will pay for it by way of accrued interest, larger payments, and damaged credit history.

So how do students save money on loans as new grads? Here are a few ways you can do this:

Get organized so all of your payments are made on time.

Late payments mean accrued interest and higher payments overall. Some lenders will also impose a penalty on late payments. You can save a substantial amount on late fees by either setting up a reminder for when the payments are due or by setting up automatic payments.

Think about which is the right loan repayment plan for you.

Depending on how much loan you have taken and your monthly income, there are several options you can choose from. For some, an income-based repayment may be a good choice. For others, consolidation or refinancing may be a better option. Do your homework, explore your alternatives, and speak to your lender and accordingly choose a repayment plan that helps you save the most money your student loans.

Use College Raptor’s new Student Loan Finder to discover personalized private loans. Compare lenders and interest rates to find a private loan option that works for you!