<p>Has anyone found a simple way of figuring out how to keep track of student loan repayment. Just started looking into the process, and it all seems rather convoluted. Any tips?</p>
<p>Have you been to [National</a> Student Loan Data System for Students](<a href=“http://www.nslds.ed.gov?]National”>http://www.nslds.ed.gov?) You can see who your servicers are … if it’s all the same, it makes it relatively easy. If you have Perkins loans, and/or if you have older loans that may have different servicers than your Direct Loans, it’s more difficult. The easiest way to keep track is to consolidate … but that is not always the best way to do it. You should run some calculations. Check this site: <a href=“http://www.loanconsolidation.ed.gov/[/url]”>http://www.loanconsolidation.ed.gov/</a>.</p>
<p>Our students did the consolidation…their loan Servicers were very good about sending notification of when repayment was going to start. Once the loan repayment began, our kids set up auto withdrawal from their checking accounts. DS gets a monthly statement online. DD gets one in the snail mail monthly. </p>
<p>I will say…both kids check their accounts each month to make sure the auto withdrawal has taken place.</p>