9 Ways To Reduce Your Student Loan Debt Kevin Thatcher

9 Ways To Reduce Your Student Loan Debt Kevin Thatcher The kansas program, which pays 20% of your student loans up to a maximum of $3,000 per year, has had 886 total applications since its inception in 2012, with 509 already approved this year. Luckily, there are some ways to help reduce the burden of your student loans through several methods, such as better loan terms, lower monthly payments, or shorter repayment periods. if you have a student loan that you would like to reduce significantly, we’ll share 9 ways you can do just that. continue budgeting and prioritize your loan.

Reducing Student Loan Debt Infographic Visualistan 1. enroll in autopay. this is likely one of the easiest ways to lower your student loan debt. many student loan lenders offer a discount if you set up automatic payments for your student loans. Refinance your loans. you can refinance your student loans to consolidate your debt and get a lower interest rate to decrease your monthly payment. let’s say you owe $50,000 with an 11% interest. Here are five strategies for reducing student loan payments: change your student loan repayment plan. consolidate your student loans. refinance your student loans. enroll in automatic payments. Pay more than the minimum. committing a small amount on top of your regular student loan payment can go a long way in helping you bring down your total debt. for example, let’s say you have.

9 Ways To Reduce Your Student Loan Debt Kiplinger Here are five strategies for reducing student loan payments: change your student loan repayment plan. consolidate your student loans. refinance your student loans. enroll in automatic payments. Pay more than the minimum. committing a small amount on top of your regular student loan payment can go a long way in helping you bring down your total debt. for example, let’s say you have. Here are some strategies for repaying your student loans, so you can get your finances back on track. enroll in an income driven repayment plan. see if you qualify for student loan forgiveness. 7. refinance your student loans. if you have private student loans, the best way to start eliminating this debt is to refinance your private loans at a lower interest rate. this will not only save you money in interest over the life of the loan, but it will also lower your payment up front.