Lower Your Student Loan Payment

Lower Your Student Loan Payment

Student loan debt effects about 43 million people across the country. For some the debt is manageable while for others it can be huge burden. If you are having trouble paying back your student loans Nerdwallet has few choices to get your monthly payments lowered, one is called income-driven repayment. With this repayment option, your monthly payment is based off of your income or earnings.  Other options include refinancing student loans, enrolling in autopay which may offer you a discount, making extra payments so you can pay the loan back faster, which will decrease the overall interest you’ll pay and saving you money in the the long run.

Courtesy of Nerdwallet