Home Finance 7 Little-Known But Effective Ways to Get Out of Student Debt!

7 Little-Known But Effective Ways to Get Out of Student Debt!

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Student debt in America is a $ 1.3 Trillion problem affecting millions of young lives. The rise of for-profit colleges, high tuition-fees & unemployment for recent graduates aren’t helping the problem in any way. If you are one of these unfortunate young graduates grappling with student debt, here are 7 simple and practical things to do.

1Income-Driven Repayment Plans

If you have loan balance even after 20-25 years of income-driven repayment plan, then the balance is forgiven. However, do note that a long term plan might decrease your monthly payments but will increase your overall payment.

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