-Source-Forbes-
When it comes to your student loans, do your homework.
Rule #1: "Doing homework" may not be your first choice (particularly if you have graduated long ago), but it can save you thousands of dollars in interest costs.
Rule #2: Stop being another debt statistic.
According to Make Lemonade, there are more than 44 million borrowers with $1.5 trillion in student loan debt in the U.S. alone. The average student in the Class of 2016 has $37,172 in student loan debt. The average student in the Class of 2017 has almost $40,000 in student loan debt. Approximately 11.0% of student loan debt is in default or over 90 days delinquent.
Let's focus on four primary ways to manage and repay your student loans.
Student Loan Refinancing
Federal Student Loan Consolidation
Income-Driven Repayment Plans
Student Loan Forgiveness
There are other strategies, but focus on these four to frame your student loan action plan. Read more
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