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financial-literacyIf your federal student loans are currently in repayment, then you have a monthly payment plan. The benefits of paying off your loans fast are obvious — you accrue less interest, your debt comes off your credit report, and so on. Many students pay the minimum monthly payment and do not realize that students can actually pay more than is owed to pay off their loans quicker. It is a smart practice, and if you feel that you can allocate more of your income toward your monthly payments, you should contact your loan servicer to talk about your options.

By Ryan Laspina
Compliance and Default Prevent Specialist at American Public University System

In addition to benefiting your financial intelligence for the rest of your life, financial planning classes will help you understand your rights and responsibilities as an FSA (federal student aid) recipient.

By Shalena Gonzales
Financial Aid Specialist, American Public University

Making small changes in your financial habits can greatly improve your financial situation. One of the most important steps on the road to financial recovery is to spend less than you earn.

It is important to take advantage of all beneficial resources to assist in paying for college expenses. Financial aid money that doesn’t have to be repaid, such as grants, are the most beneficial types of financial aid that you can receive.