News and Insights | Mutual Security Credit Union

How to Manage Student Loans!

Written by Mutual Security Credit Union | Jan 19, 2024 3:00:00 PM

Q: Does your student loan debt feel like a chain around your neck? Are you not sure on how to manage it?

A: MSCU has partnered with Credit Union Student Choice to provide our members with fair-value private student lending solutions!

The Credit Union Student Choice online marketplace connects you with credit union-funded private student loan and refinance options to help cover higher education costs.

Visit us at: https://www.mscu.net/student-loan-referral-program to learn more on how we can help!

Here’s how to make it easier to manage:

  • First, set up automatic payments and look for grants that you can apply to your balance. 
  • Keep your credit rating high to set yourself up well for a potential refinance later, which can save on interest and bring down your monthly payment requirement.
  • Finally, beware of scams that promise to “forgive” your debt.  

Paying off student loans may not be easy, but you can do it!