As more people graduate college with higher student loan balances than ever before, it’s rare to find a couple these days that isn’t dealing with debt.
Couples are looking for ways to more effectively manage student loans. Whether one or both of you have student debt, there’s a good chance you’re dealing with more than just one loan. In fact, the average borrower carries four separate loans, often from different lenders and with varying interest rates and terms, according to Experian data. Understanding and tracking all these moving pieces is key to coming up with an effective game plan, so start by gathering your collective loan information and documenting it in one place (like a spreadsheet or online debt management tool). Here are more strategies you can employ to help pay off the extra student loan debt you’re carrying.