Student loan debt is a problem for millions of Americans -- 43.5 million, to be more precise. All told, U.S. borrowers owe an astounding $1.78 trillion in student loans.

On an individual basis, the average student loan balance is $37,338 for those who took out federal loans. That's a daunting sum.

If you have a massive amount of student debt hanging over your head, you may be eager to shed it as quickly as possible. Doing so could not only save you money on interest, but also eliminate a large amount of financial stress.

Continue reading

Source Fool.com