Keep Copies of Documents
It is very important that you keep complete records of all your financial aid documents in a secure place.
Start the first time you accept financial aid by putting together a file folder that includes copies of your promissory note and the award letter that indicates the amount you are agreeing to repay. Update your file with each new transaction, and regularly review these documents to help you keep track of your debt.
By keeping track along the way, you will know what payment you ultimately will be facing and then you can make an informed decision whether it is wise to accrue more debt. The amount of monthly payment that you will be comfortable with is a personal choice that only you can make, and having your information organized and accessible may help make that decision a little easier.