5 strategies to pay off your student loans ahead of scheduleMore than half of students take out student loans to pay for college, with the average debt load upon graduation totaling nearly $30,000.
Be cautious about refinancing federal student loans: Doing so means sacrificing federal repayment plans and other protections.
Pay off interest during school and your grace periodInterest starts accruing on most student loans, such as federal unsubsidized loans and private student loans, from the day they are paid out (known as the disbursement date), usually at the beginning of each semester.
Pursue student loan forgiveness and assistanceIf you’re open to switching jobs, consider pursuing a role that would make you eligible for student loan forgiveness or assistance.
If you have federal student loans, you may need to set up autopay again before the payment pause ends in October.
Persons:
Rebecca Safier, you’d, “, ”, Karen McCarthy, Let’s, you’ll, Biden, Michael Lux, Joe DePaulo, McCarthy, autopay, forbearance, It’s, you’ve, Jan Miller
Organizations:
National Association of Student Financial, Public, Student Loan Sherpa, College Ave