Student loans are a necessary evil, but they can be a pain to manage. Even with income-driven repayment plans, you’re still left with loans that take years to pay off. If you want to get rid of your student debt faster, these tips will help you get there.
How to Settle $100k in student loans
Here are six tips to help you chip away at those balances.
Check if you’re eligible for forgiveness
If you work in a public service job or a qualifying non-profit, your student loan payments might be completely forgiven after 10 years of on-time payments. Check with your lender to see if this program applies to you.
Try income-driven repayment
Income-driven repayment plans can lower your monthly payments and stretch out your loan term — making it less likely that you’ll default on your loans and wreck your credit score in the process. Income-driven repayment plans …