How to start paying back your student loans

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For May college graduates, it's time to start repaying your student loans. Here's how.

Student loans generally have a six-month grace period after graduation to give borrowers time to get on their feet before they have to start repayment.Shaun Wilkinson | iStock | Getty Images PlusFederal student loans, which make up the bulk of student debt, generally have a six-monthThat means grads are just now facing their first bill.

Many borrowers have several loans, each potentially with a different interest rate, monthly due date and repayment period. That can be confusing. Then, determine how much you owe, including your interest rates and any accrued interest as well as your monthly due date.

 

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