Should You Pay Off That Student Loan Debt? Maybe.
Angela Colley — Building Blocks
Student loan debt is now the second highest debt category in the nation, trailing only behind mortgage. Around 44.2 million people are carrying a combined $1.4 trillion in both federal and private loans, according to NerdWallet, and those numbers are creeping up by the minute. If you’re tired of the post-college-how-the-hell-do-I-pay-this-off baggage, we feel you.
It’s understandable to want to pay down those loans as soon as you can and be done already, but believe it or not, there are compelling reasons to chill on an aggressive repayment plan. Before you commit to Operation Zero Balance, take this quiz to help evaluate your financial options.
As far as actually paying off those loans, don't panic. We have seven ways to help make them more manageable:
And once you’re done, it’s time to celebrate: