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.