More than 200,000 post-secondary students with student loans are due to convocate this spring. And while many may not yet be thinking of repayment plans, experts and recent grads alike say they should be — if they haven’t already started.
“I think a lot of students aren’t thinking about repayment until they get to the point of needing to repay their loans,” said Renu Kanga Fonseca, acting registrar at Victoria College in the University of Toronto.
Kanga Fonseca, whose office provides students with academic and financial advice, says that they encourage students to begin paying down their loans before graduation whenever possible.
“Not
