If you (or your child) graduated college in May or June, your six-month grace period on student-loan repayment is just about up. If you haven't found a job yet or are juggling lots of debts, this new monthly expense might be hard to stomach. But you do have options to make student-loan repayment manageable.
You have plenty of choices on the federal-loan side, including a new income-based repayment program. See How to Repay Student Loans and Get a Break on Student-Loan Payments. Your options are more limited for private loans, but there are a few ways to reduce the pain of repayment.
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