Each year the amount of total student loan debt outstanding increases. For new graduates, coming out of school with average debt of around $25,000, paying off the full amount can seem like a near impossible task.

The first thing you need to do is get a job and create a budget. Figure out whether or not you expect to pay back your loan in the time period allowed; 10 years for most student loans. If not, you may be entitled to some loan forgiveness, or qualify for one of the federal government’s income based repayment plans.

For a full breakdown of how to pay off your loans, read this article.

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