After graduating from college and beginning your career, it’s important to create a detailed plan for how to pay back your student loans in an efficient and timely manner. By remaining disciplined, you will also build a positive credit history for other important purchases.

While student loans are very common, most find it hard to stay on track when paying them back. Refinancing may seem like a good option, but make sure to educate yourself with these 10 must-know facts before making any decisions.