How to start paying your student loans


Imagine you owe more than 30,000 trillion in student loan debt, and the average debt for a 2016 grad is 37,000. That’s a lot of money, so if you’re among those feeling the pinch, you might be wondering how you even begin to start paying it back.
The good news is that federal loans make up 92% of all student loans. That’s good news because Uncle Smith tends to charge less interest, and he offers you several ways to pay him back.

Standard repayment plan

The traditional method, called the standard repayment plan, is equal monthly payments over the life of the loan. You’ll end up paying the least amount of interest because of how quickly it gets paid off.

I hope that this information help you in your research.

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