Information Literacy Accomplishing the Goals

Question: Describe about the Information Literacy for Accomplishing the Goals. Answer: Thesis Statement: This essay intends to address the importance of repayment of the student loan for accomplishing the goals along with addressing the limitations. Discussion Generally, federal student loans start to come due six months after the student leave school whether at the time of my graduation or not. During the period of repaying the student loans, there are a lot of things need to be considered. There are many student loan have a grace period which is a set period of time. This grace period will give me time to get monetarily settled and to select the plan for repayment. This needs to be examined that how much interest will accumulate during the period of grace period. Secondly, the monthly obligations needs to be evaluated after assessing whether it is too much to bear or of there any other debt is federally guaranteed- consider entering into income-driven repayment loan. This kind of repayment loan option is an arrangement that links least amount of monthly payments with the money I can afford to pay. In other words the paying amount is the ultimate consideration in the case of the student loan which largely. However, it is important to deci de which student loans I should give the priority first. All this needs to be assessed in order to consider the types, the rate of interest, and the final loan requirements of the payment. All this factors is required to estimate the monthly repayments under different plans to determine the best suitable option for the same. However, it is needs to be investigated that what is require to do when I am facing dilemma while making the student loan payments. In that case, I need to contact the loan servicer as quick as possible. Plan may be changed if it will permit me to have a stretchable period for repayment. In this scenario, the contact loan officer can provide assistance about the other options for loan consideration. There are various options that are available in this picture when I cant make payments on my student loans. Such includes delaying payment options through forbearance or deferment program, getting my loan cancelled or eliminated, discharging loan through the proceedings of bankruptcy, getting involved in income-sensitive or income-based repayment schedule options and many others. To consider all feasibility, the best suitable option I need to select when I have trouble repaying my student loan. To make successful student repayment loan or to achieve my goals, I need to create my own loan repayment strategy. Firstly, I need ensure the amount of borrowing and to whom I should approach for them same. For instance, I make payments through multiple loan accounts which may be to different lenders. Secondly, I need to think strategically, which repayment options would be the most affordable one after sensing my personal budget. In this case, I can make informed decisions about the loans applying the interactive repayment planner. This helps to make understand that current plan and other options that fit the situation. In this way, I can achieve my goals.