Student Loan Debt
Don’t let student loan debt hold you back from achieving your other financial goals.
The average student now graduates with over $35,000 in student loan debt. Even if you don’t graduate, you still have to pay back what you borrowed. And getting your degree doesn’t necessarily mean you will make a salary that can effectively repay your loans. A higher education may lead to more earnings over your lifetime, but that doesn’t mean it helps you in the here and now.
If challenges with student loan debt have led to life delays, it’s time to take control. These solutions can help you eliminate college debt so you can get married, buy a home or just move on. From consolidation to loan forgiveness, there are options available that can provide the relief you need.
Student Loan Debt Resources
We’ve pulled together the latest statistics from around the web to help you understand where America stands with student loan debt. How does your debt stack up versus the average American and is it time to ask for help?
A study finds about half of borrowers overpay, are you one of them? Learn how federal relief programs can cut your payments so you can get out of debt fast, sometimes for less than you borrowed!
Learn about the various options to get out of student loan debt, from how to repay it to how to get it out of it without repaying. These are all the ways to get out of student loan debt, including what happens to them during bankruptcy.
Learn step-by-step how to pay off student loan debt. We explain how to evaluate your debts, prioritize them for repayment and use federal relief programs to your advantage to make the fastest, most cost effective repayment strategy.
If you want to refinance student loans at a lower interest rate, you must go through a private lender, even if you have federal student loans. Learn how refinancing works and what you risk converting federal loans to private to decide if refinancing is right for you.
Student loan debt consolidation allows you to roll multiple loans into a single monthly payment. It can lower your payments, but doesn’t always drop your interest rates like other forms of consolidation. Here is what you need to know!
Federal student loan repayment plans offer a variety of ways to restructure your student loan debt payments so they can better fit your budget and goals. Learn about the six programs and how to decide which one is right for you.
- Standard Student Loan Repayment Plans
- Using an Extended Repayment Plan for Student Loans
- Graduated Student Loan Repayment Plans
- How Income-Based Repayment Works
- How Income-Contingent Repayment (ICR) Plans Work
- Income Sensitive Student Loan Repayment
- Using Pay-As-You-Earn Student Loan Consolidation
- Revised Pay As You Earn Student Loan Repayment
Student loan forgiveness programs allow you to eliminate all or part of your student loan debt without penalties. These programs are often tied to public service. Learn how student loan forgiveness works and see if you qualify.
When you need money for college, it can be hard to know which way to turn. We compare types of student loans so you can decide what’s right for you as you borrow money for your education.
Student loan interest works a little differently than other types of debt. Learn how rates are set for both federal and private student loans and how you can lower your rates if you want to pay off your student loans faster.
“Total education loan indebtedness” is a technical term that the government uses when setting payments on a federal student loan repayment plan. Learn how it works and how it affects your ability to affordably repay your student loans.
Wage and tax garnishment suck up money that’s essential for your budget. Here’s what you need to know about when and how the government can apply garnishment to cover unpaid student loan debt.
We help you get on top of your student loan debt payments by answering the top questions about student loan debt, consolidation and forgiveness. Get answers to the most common questions about student loans.