Paying off
student loans

Life Events > Paying Off Student Loans
Your student debt may be one of the biggest financial obligations you have. There are many strategies that could help you manage student loans efficiently. These resources can help you get started.
Keep in mind:
Take an inventory of all your debt. Consider paying extra each month to reduce the loans with the highest interest rates first, followed by those with the largest balances.
Free up resources by cutting costs. Consider eating out less and car-pooling or mass transit alternatives to driving to work.
Think about enhancing your income. A second job? A part-time business opportunity?
Consider jobs that offer opportunities for subsidies or debt forgiveness. You could work for the federal government, which offers up to $10,000 a year in assistance paying back federal student loans.

Intro to student loan repayment options

There are lots of ways to approach student loan debt. Here's an overview of some of the options.

Delaying student loan repayment with deferment or forbearance

If you're unable to afford your monthly loan payment, there might be options to delay repayments.

Income-based student loan repayment plans

These plans can keep your payments low enough to manage with whatever amount you make, but there are pros and cons to using them.

Cash Flow Calculator

Use this tool to track your expenses and get a handle on your monthly expenses

After college: Repaying your student loans

When it comes to repaying your school loans, it's likely that you'll have some options to consider.
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