How to pay off student loans & create financial freedom

Student loans are non-forgivable, so you have to come up with a way to pay them off! Here's how  to ensure you free yourself from debt & create a strong financial foundation.

Make A Budget

Knowing how much you have to spend each month is probably the first thing you should figure out.

Apply for income based repayment

Be sure you only pay as much as you can afford based on your income. There are programs in place for this!

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Plan to make extra payments when possible

Extra payments should be applied to your principle to help reduce the amount of interest that accumulates!

How to make extra payments

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First, save up enough money in an emergency fund equal to 6 months of expenses. Each month, pay your bills, then any money left minus your emergency fund should go towards your loans!

Loan Forgiveness

This is a possibility, so long as you follow the rules! Be sure to understand them and follow them to a T in order to make this work for you!

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