In 2022, the national Chamber of Commerce released data concerning student loans indicating that the average balance on student loan debt hovered around $37,000. That amount could be daunting to any former student, and the obligation’s long-term nature can impact a person’s financial wealth. Paying down loans as soon as possible can positively affect an individual’s money situation. Here are three smart ways to rid yourself of student loan debt for good.
Tag: Student Loan
Should You Refinance Your Student Loan?
When interest rates drop, homeowners often consider refinancing their mortgage loans to reduce their monthly payments or interest rates. Yet, you could refinance and consolidate many outstanding loans, especially higher-interest ones, including the student debt you carry, but should you? Here are some factors to think about before making the decision.