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Borrow Wisely

Although student loans are a convenient source of funding for your education, it is important to budget and borrow carefully.

Take very seriously the responsibility of borrowing and repaying an educational loan.

How conscientiously you make payments on your student loan will affect your ability to borrow for a car, a house, or other purchases in the future.  If you are late with your student loan payments, it will have a negative effect on your credit history. On the other hand, repaying your student loan on time can help you establish and maintain an excellent credit history.