Student Loan Consolidation Info - Keeping Student Loan Information Organized

As soon as you sign a promissory note for a student loan, you will need to get organized so that information can be easily found in the future. Plan on having a place for every piece of correspondence that comes in along with all of your original loan documents. This way you can refer to those papers at any given time to see what you have agreed to pay back.

Start with an easy to use record keeping system where you can keep all of your loan documents and other correspondence you receive from the financial institution as well as your school. You can even purchase a book or software on personal finance to get you on the right track. No matter what you use, make sure you have a single file for every different loan you have to keep the items separated and easy to find. Keep all of your student loan information organized right from the start. You will most likely need to refer to the original documents once the loan repayment period starts.

What should I keep?

You should keep important documents like your student loan applications, the promissory notes, your disbursement and disclosure statements along with any notices you receive regarding loan transfers. Keep copies of any correspondence from your student loan lender, the loan holder and service provider, and also keep any information from your financial aid office. Also keep current address and contact information for these as well. It is wise to keep all of your contact information current and up-to-date at all times for quick and easy reference. Record the times and dates of the calls you make along with a quick summary of the discussion. Also be sure to jot down the name of the person you are talking to in the event you need clarification later.

When setting up your system for staying organized, make sure you are comfortable using it. Make sure it is an easy system to maintain from the beginning of you signing the promissory note to the time the debt is paid in full. It is also recommended to store your records in a fire-proof box that locks to keep it safe in the event of a theft or a fire. Remember to keep all of your student loan documents until all the educational loans you have are completely paid off, you never know when you might need them.

Ian Wilkie is a published expert author of many Student Loan Consolidation Informationis articles and owner of - http://www.mystudentloanconsolidationinformation.com your one-stop online resource for Student Loan Consolidation Info.