Minimize Indebtedness

Ways to minimize debt and maximize successful repayment include:

Explore Alternative Funding Sources

Before applying for loans, be sure to explore scholarship and grant opportunities. Check with your financial aid office, your employer, and other organizations that you may be associated with. Research your options...loans are available to help, but only after you have exhausted other resources. Click here for more information on alternative funding sources.

Manage Your Debt

Before applying for loans, you should first determine how much you need to borrow. Only borrow what you need to pay for your direct educational expenses. Careful budgeting and planning with help you avoid future financial difficulties. CSLF's online tools and tip sheets can help you determine what you can afford. Click here for more tips on managing your loans.

Repay Your Loans

Be sure to keep accurate records of the types of loans and amounts you borrow. It is possible that your loans will have different repayment terms and conditions. It is imperative that you keep in contact with your loan holder and make your payments on time. If you experience difficulties, contact your loan holder immediately. Click here for additional tips on successful repayment