Understanding the repayment options for your student loans can go a long way toward building a solid financial foundation. Remember, student loans are real loans, just like car loans or mortgages. You must repay a student loan even if your financial circumstances become difficult. Your student loans cannot be canceled because you didn’t get the job you expected or because you didn’t complete your education. The path to financial well-being is to borrow conservatively; manage your debt effectively and repay your loans wisely.