Step 5: Keep Current on Loan Industry News

* To stay in the loan loop, read news about changes in the student loan industry. Knowing this information may help you save money.

1. Check out our guide, How to Reduce Student Loan Debt to learn how to change your repayment plan or consolidate to lower your payments.
2. See How to Defer Student Loans, How to Apply for Loan Forgiveness, and How to Consolidate Student Loans for a more in-depth look at some of the choices you can make about your loans once you graduate.
3. Students at schools such as New York University and the University of Pennsylvania have received payments from their schools as a result of their recommendations of Citibank as a preferred lender (Citibank was giving the schools a percentage of their profits in turn). More schools are said to be doing the same, as inquiries are pending.
4. It could be worth checking in with your school's financial aid department to see if you qualify for any retroactive benefits or payouts such as that from the Citibank case.
5. Use non-profit Student Loan Borrowers Assistance's list of resources to find information about different lenders or to contact legal or financial advisers who can help you with your student loan concerns.
6. The New York Times also has a "Times Topic" about student loans that functions like a database of all the current student loan news. Check it regularly to keep up to date on student loan information.