Don't get forced out on a limb
over student loans

A host of repayment options
allow graduates to choose a plan that fits
their financial situation

When Jane Penn graduated last year from New York University with a master's in fine arts, she planned to repay her $23,000 in student loans in the usual period: 10 years. But the $300 monthly payment was more than she could afford.

So Penn renegotiated her loans to pay only interest for three years. This slashed her bill to $175 a month but stretched out her payments to 13 years.

Until recently, her choices would have been far more limited. Students now have so many repayment options that choosing can be difficult.

For more information on how to manage student loans, read the Money Monday section in today's Honolulu Star-Bulletin.



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