|Previous||1 of 2||Next|
small (250x250 max)
medium (500x500 max)
large ( > 500x500)
Repaying your student loan can be challenging, but it’s important to stay the course. Fortunately, the Oklahoma College Assistance Program’s (OCAP) financial literacy initiative, Oklahoma Money Matters (OKMM), offers infor-mation, tools and resources to help borrowers manage their money and suc-cessfully repay student loans. Take the following steps to successfully manage your student loan: Recognize that your student loan payment is a fixed expense. Repaying your student loan isn’t optional. Remember, your monthly student loan payments are just as important as your rent, car payment or any other fixed monthly expense. Make your loan payments on time. If you know your payment will be late, contact your loan servicer immediately to discuss your situation. Communicate with us regularly. Remember to notify your loan servicer of any changes in your name, address or ability to repay. Keep copies of all loan correspondence. Create a "my student loan" file to hold state-ments, notices and other important documents. Be open to change. It’s important to distinguish the things you need from the things you want. Sometimes it can be difficult to accept that overspending on items you don’t really need is compromising your ability to repay your loan(s) successfully. Many people find it necessary to sacrifice some luxuries to stay on track. Ask questions! This is your money we're talking about - don't be afraid to ask your loan servicer for help or for more information when you have questions. Visit the Oklahoma College Assistance Program website, ocap.org, for more information about student loans or call 405.234.4300 or 800.442-8642 (toll-free). For money management information and tools to help you make smart financial decisions, visit www.oklahomamoneymatters.org or call 800.970.OKMM. We’re here to help! We created a useful budgeting tool to help you spend wisely. Check it out!
|Okla State Agency||
Regents for Higher Education, Oklahoma State
|Okla Agency Code||
|Alternative title||Pre-rehab budg flyer|
Oklahoma College Assistance Program.
Oklahoma Money Matters.
|Publisher||Oklahoma State Regents for Higher Education|
|Purpose||Oklahoma Money Matters is the financial literacy initiative of the Oklahoma College Assistance Program*, an operating division of the Oklahoma State Regents for Higher Education|
|OkDocs Class#||E1450.1 M235p 2012|
|Digital Format||PDF, Adobe Reader required|
|ODL electronic copy||Downloaded from agency website: http://www.ocap.org/Pubs_Forms/Publications/Pre-rehab_budg_flyer.pdf|
|Rights and Permissions||This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders.|