Once students get their graduation and pass out of their college the biggest responsibility that they face is to find a suitable job which will help them to repay the availed student loans in the best possible way and help them in maintaining a clean credit history. There are several procedures that can be followed in repaying the student loans which will even save money and help the borrower to maintain a perfect credit record. Some of these procedures include effective planning of repayment methods, consolidation of similar types of student loans and making payments on time so as to obtain better interest rates and to see if tax breaks can be used for saving money. Everyone should know about the various repayment options offered by financial institutions in case it becomes difficult for anyone to make the monthly payments. One of the most popular repayment plans offered by financial institution is the graduated repayment plan wherein the monthly installments in the initial period of repayment is less and it gradually increases in a period of twelve to thirteen years and this period generally depends on the amount of loan availed as student cash advance. Another plan is the income sensitive plan which is aimed at people who have unsteady incomes so that they can pay more amounts towards repayment in case their income is more and less amount when they have less income.