Be sure to retain all copies of your promissory notes. Once You Decide to Borrow Borrow only what you need. Keep the file copies of all forms and mail received, keep a communication log of all action and notices taken on your records. This will help keep you organized on filing deferments, and for keeping your addresses current with lenders. Choose your lender wisely.
Some lenders sell their students loans, either immediately or before repayment starts.
Make sure that all your loans will go to one place to avoid multiple payments later on. Try to borrow from one lender and guarantor if possible. You have the option to prepay interest that accrues on your outstanding unsubsidized Federal Stafford Loans while you are in school. Opting to prepay this interest will significantly reduce the total payoff on your student loans by not allowing this interest to be added to your principle when you graduate. Many lenders only capitalize interest once, at your repayment.