![](https://www.mefa.org/uploads/news/297000_thinkstockphotos-146954383.jpg)
Make 120 eligible payments while working for an eligible employer, it doesn't matter what you do for a living, don't consolidate unless you are required to, submit your proof of employment annually, and don't pay more than you have to.…
By
Betsy Mayotte
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![](https://www.mefa.org/uploads/news/353971_thinkstockphotos-472333284.jpg)
Facts include that payment application is dictated by federal regulation, paying extra results in a "paid ahead" status, paying extra can save you money over time, sometimes accrued interest can capitalize, and sometimes it's okay if your payment amount is less than your accrued interest. …
By
Betsy Mayotte
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![](https://www.mefa.org/uploads/news/337802_thinkstockphotos-122747373-1.jpg)
Tips include making a list of all federal loans borrowed, determining the monthly payment total. and setting a budget. …
By
Meredith Clement
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