If your federal student loan hasn't yet entered repayment, you won't be eligible to enroll in a repayment plan yet. Repayment starts six months after graduation or if your enrollment drops below half-time, unless you enroll in another program, like graduate school, before the grace period ends.

Borrowers with student loans should be ready for several scenarios, including changes to loan repayment plans and even the elimination of the Department of Education.

Navigating the world of student loans can be daunting, but with the right strategies, you can pay off your debt faster and with less stress. Discover effective methods to manage and reduce your student loan burden,