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Student Loans: Know What You Owe
Separate the balance, payment, interest, and repayment plan into understandable pieces.
College Money · 5 min
Step 1
Start by knowing which loans you have, who services them, the current balances, and the interest rates.
Step 2
A required payment is different from the total cost of the loan. Interest and repayment length can affect how much you ultimately pay.
Step 3
Keep official loan information with the lender or government source and use MoneyBuddy to track the payment in your broader monthly picture.
Try this: Add your student-loan balance under Net Worth and the payment under recurring bills.