Whether you are going to an in-state educational institution in have decided to make your way to a different location in the world, you probably have some sort of a student loan under your name. The loan is going to vary in origin, ranging from the federal government to a large educational loan lender (such as Salie Mae). However, making a payment on the loan is the same for almost all loan providers and you have a few different options available for this, depending on what you are comfortable with doing.

Pay Student Loan By Check

Write out a check and mail it to the student loan provider. Each month you are typically going to receive a printed statement from the company (unless you opt for the online email version), stating exactly how much you owe. Fill out the check for the amount (or more, if you want to pay off the loan earlier), and mail it to the provided address. You are given a return envelope so you generally just need to write out your address and supply the stamp. Although you are required to send in the minimum balance required, it is always a good idea to pay more, if possible. Like a credit card statement, the more money you put towards your student loan the faster you are going to pay it off (and the less overall interest you pay on the bill)

Pay Student Loan Online

Go online to the loan provider's website and log onto your account. When signing up for the loan you must create this online account. Some online providers actually quiz you at the end of signing up just to make sure you know what you are doing with the loan, how it works, and how you are required to pay it back. Depending who the loan is through you may just need your username and password, although the federal government loan website requires you to type in a PIN number, your name, and your Social Security Number. Select "Make a Payment," then fill out the information from your checking account (such as banking and router number), then submit your payment.

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