Great question! Since your student loan payments, whether they are private or federal, require repayment, they are considered a need and belong in that category. They’re definitely not a want (unless you enjoy paying them back), and they don’t belong in the savings bucket either.Not making payments or missing payments can affect your credit score; therefore, it’s a good idea to keep these in your needs category when separating your income to make sure they are being taken care of and not forgotten.