When it comes to paying off your student loans things can get a little overwhelming. It can be hard to figure out which questions you should be asking when it comes to getting that debt paid off. Here is a list of the top ten questions (and answers!) to help save you some headaches and get that student loan debt paid off.

Who Do You Owe?

In order to find out who you owe go to the National Student Loan Data System. From there you will be able to find out who your loan servicer is and therefore know who it is that you’re paying.

What Do You Owe?

More often than not students forget that their loans accrue interest. You may have anticipated paying back the $18,000 that you borrowed, but not calculated the $2,000 or so you built up in interest. If you stay on top of what you owe then you’ll be able to plan better when it comes to paying it back.

When Do You Make Payments?

Most recent graduates are allowed a six month grace period when it comes to paying back their student loans. Other student begin making payments while they’re still in school. Realistically, the sooner you can begin those payments the sooner you will have those loans paid off.

Where Do You Make Payments?

Nowadays student loans can be paid online. You do still have the option to go old school and mail in a check though.

What Are Your Repayment Options?

When you graduate you will automatically be placed into the Standard Repayment Plan. Depending on the amount of debt you owe this may not be the best plan for you. It is important to research the other options, such as Extended and Income-Based Repayment Plans to determine the best option for you.

How Can You Get a Head Start?

This depends a lot on your situation. If you are able then begin making payments while you’re still in school. Find ways to cut costs in other areas of your life and use those extra funds towards paying off that debt.

How Long Will Repayment Take?

This one varies from person to person. It all depends on the amount of debt you have and whether or not you stick to the minimum payment every month. The more you pay the faster it gets paid off.

When Can You Consolidate Your Loans?

Normally, you are able to consolidate after you graduate, leave school, or drop below half-time enrollment.

How Do You Apply for Consolidation?

You can apply for a Direct Consolidation Loan through www.StudentLoans.gov. Once you’ve applied your loan servicer will contact you and you can go from there.

Do Loans Affect my Credit Score?

Yes. Making sure your payment is made by the due date each month will help your credit score. The reverse is also true, if you default on your loans your credit will be negatively affected.

While student loans can be daunting, it is possible to get them taken care of without driving yourself crazy. These ten questions and answers will go a long way with helping save you some time and stress.

If you find yourself struggling with debt or would like to find out about becoming debt free, call Debthelper at 800-920-2262, or visit @ www.debthelper.com.