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Responsible Borrowing Strategies
The following is a listing of borrowing strategies that will prevent future
financial difficulties:
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Avoid capitalization of interest charges on an unsubsidized
Stafford by paying the interest on a monthly or quarterly basis.
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Respond to all lender notices.
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Ensure that all deferments and forbearances are in place.
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Borrow only what is necessary.
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Compile all documents regarding loans in a file. Keep track
of how much is borrowed and who is the lender.
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Visit the National Student
Loan Database System (NSLDS) for current loan balances.
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Visit EdWise for additional
borrowing information.
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