How can I effectively manage my student loan debt?

How can I effectively manage my student loan debt?

Managing student loan debt involves budgeting, understanding your loans, and exploring repayment options. What type of loans do you have?

I have federal loans and a private loan. What should I prioritize?

It's generally advisable to prioritize high-interest loans first, which are often private loans. Have you considered refinancing?

I haven't thought about refinancing. How does that work?

Refinancing involves taking out a new loan to pay off your existing loans, ideally at a lower interest rate. It can lower your monthly payments.

Are there any risks with refinancing?

Yes, refinancing can lead to losing federal loan benefits like income-driven repayment plans. It's important to weigh the pros and cons.