Everyone and I mean EVERYONE has either had to pay a student loan, is currently paying on their student loans or has paid off a student (or close to it). I’ve met very few people who have accomplished that goal and wouldn’t I love to be one of them.
Student loans can be paid off and we found a way for you to decrease your student loan debt.
Check your employee benefits package.
Some major companies — including Fidelity, PwC, Aetna, and Staples — now offer employees help with student loan repayment, according to Barrett (chief education officer at micro investing site Acorns).
Consider a career move.
Certain sectors offer repayment aid or forgiveness through the Public Service Loan Forgiveness Program. If you’re pursuing a career in education, law, nonprofit, or government sectors, Barrett says you may be eligible.
Set up automatic payments.
This is an easy one. Not only will this help ensure you don’t miss a payment, but Barrett notes it also has other benefits: many lenders offer a small interest-rate deduction (0.25 to 0.5 percent) if you enroll in an automatic billing program.
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