The average U.S. college graduate comes out of school with more than $25,000 in student loan debt, according to the College Board. And collectively, student loan debt in the U.S. now tops $1 trillion – surpassing the amount of credit card debt Americans owe.
So paying off student loans is one of the most daunting tasks for recent college graduates and even for many people in their 40s and beyond.
Unfortunately, most people don’t know the differences between federal college loans and private loans, nor do they have a good handle on what loan repayment options exist or where they can turn for help.
The good news is that there are programs and resources to aid those struggling with burdensome student loans. For instance did you know that the federal government has a student loan repayment program that will pay off $60,000 worth of your federal college debt?
Here on AskTheMoneyCoach.com we highlight that program, as well as a variety of ways to pay off college debt, all while giving you the tools and knowledge you need to successfully manage and eliminate your student loans.
Here is our handpicked list of our most read articles on student loans.
Latest posts by Lynnette Khalfani-Cox, The Money Coach (see all)
- 3 Sources of Free or Low-Cost Help With Student Loans - August 29, 2014