The start of a new year is the perfect time to tackle the problems that keep you up at night. Maybe it’s the stack of unopened bills, the nagging reminders of interest rates climbing higher, or that sinking feeling when another loan statement hits your inbox. This year, let tackling student loans be one of the challenges you choose to conquer. With the right approach, you can make more progress on your student loans than you thought possible. Let’s break it down into simple, actionable steps that’ll help you manage student loan debt, lower your monthly student loan payments, and even save money in the long run. Follow these tips, and check back in a year to see how different your life looks. Choose an Income-Driven Repayment Plan If federal student loans are part of your financial picture, income-driven repayment plans might be your best bet. These plans tie your monthly student loan payment to your income, family size, and other factors, making them a great option if you’re struggling to keep up. The federal government offers several plans, like PAYE (Pay As You Earn) and REPAYE (Revised Pay As You Earn). By capping your payment at a percentage of […]
