Paying off student loans is a major goal for a lot of college graduates, regardless of whether you left school two years or 20 years ago.
Unfortunately, it’s taking longer than ever to repay college debt. The typical student loan repayment period is now running about 15 years – which means that a lot of people in their 30s and 40s still have student loans. In fact, even many Americans age 50+ are often struggling with college loans.
Little wonder that there is current $1.2 trillion in student loan debt outstanding in the United States.
No matter what your age, if you’re trying to get rid of federal student loans, one little-known way to tackle that debt is to get some help from Uncle Sam. [continue reading…]