The opportunity to live and work abroad can lead to some memorable life experiences and potential career advancement, but it can also include some challenges when student loans are involved.
Although there is no specific tally from official sources, it is estimated that there are roughly 9 million Americans who live and work outside of the U.S. Based on those numbers, it is reasonable to assume that student loan borrowers are among them.
Here’s what to keep in mind about existing student loan debt as you transition abroad:
- Understand that moving won’t make your debt disappear.
- Communicate with your student loan servicer.
- Keep your loans current.
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