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3 Excellent Strategies to Help Pay Off the Average $37,720 in Federal Student Loan Debt


The Supreme Court struck down President Biden's plan to wipe away student loans, and it left more than 40 million borrowers on the hook to resume payments this month. If you're one of them, don't panic. Tackling your student loan debt could be simple if you pick up the right strategies for your situation. 

Right now, the average student loan balance stands at $37,720. You could choose an income-driven repayment plan or stick to the 10-year standard repayment plan. We've pinned down three strategies you can use to pay your debt in a reasonable amount of time so you can focus on other financial goals. 

Image source: Getty Images.

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Source Fool.com


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