21 Ways To Crush Student Loan Debt

-Source-Forbes- When it comes to your student loans do your homework. Rule #1: Doing homework may not be your first choice (particularly if you have graduated long ago) but it can save you thousands of dollars in interest costs. Rule #2: Stop being another debt statistic. According to Make Lemonade there are more than 44 million borrowers with $1.5 trillion in student loan debt in the U.S. alone. The average student in the Class of 2016 has $37172 in student loan debt. The average student in the Class of 2017 has almost $40000 in student loan debt. Approximately 11.0 of student loan debt is in default or over 90 days delinquent. Lets focus on four primary ways to manage and repay your student loans. Student Loan Refinancing Federal Student Loan Consolidation Income-Driven Repayment Plans Student Loan Forgiveness There are other strategies but focus on these four to frame your student loan action plan.