Student Loans: Your 5-Step Plan to Pay Them Off

Have a student loan? You’re not the only one; college debt is over $1 trillion in the U.S. To take control of your student debt, experts suggest starting with a clear assessment of your debt and debtors. Make sure your contact information is up to date, and keep it current. Federal education loans can be made more flexible; work with your lender to set a repayment plan you can live with. Automatic payments are easier, plus, you’ll get a break on your interest rate. Have a plan and be prepared to make extra payments when you’re able, focusing on the loans with the highest interest rates.

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