2. Payment deadlines are bogus.

3. Financial statements are a collection tool.

4. Collection threats are inflated.

5. You can stop their calls.

6. They can find out what you have in the bank.

7. They can't take it all.

8. They may have nothing on you.

9. Remember-you can pay back your loan with affordable installments.

10. You don't have to take harassment.

1) Do not lose copies of your loan documents and repayment schedule. (And note amount, overall cost, and interest rate)

2) Be aware that you can switch to different     payment plans. (Budget your student loan payments)

3) Note the billing cycles of your loans (monthly/ quarterly)

4) Remember to give your lenders  your correct billing address before leaving school.

5) Remember to update all your lenders/billing servicers with address changes.

6) Know the correct billing servicer for each lender

7) Promptly update your lender with any status changes (e.g. school status, unemployment) prior to your payment due date. Look for written acknowledgment.
 

8) If you return to school follow up with each lender to insure that they have received your enrollment verification or deferment. Look for written acknowledgment.

9) Keep track of who is holding your loan(s) and record the loan officers phone numbers. (If in doubt call your state guarantee agency)

10) Keep deferment status current with each lender. 

The loan may accelerate, which means the total amount of the loan  becomes due.The ultimate destination for all student loans is the Department of Education.

Consult via E-mail with Nick Slater, author of "Beating Student Loan Default:An Insider's Guide to Preventing and Curing Defaulted Student Loans"