If you owe tens of thousands of dollars in student loan debt, you’re not alone. According to the Federal Reserve’s Consumer Credit report, 43 million Americans – or 13% of the population – have some form of federal or private student loan debt. The good news is you can more easily pay off your student loans if you have a well-developed plan. Here’s what to consider regarding the student loan debt dilemma that millions of Americans face.
If you are currently managing federal or private student loans, there are many factors to consider when choosing a repayment plan or deciding to refinance or consolidate. Your unique circumstances will determine what strategies are available and favorable to you.
The checklist below covers some key issues to consider when you’re paying off student loans, such as:
- Relief available to borrowers.
- Repayment considerations.
- Costs and benefits of refinancing student loans.
- Eligibility for student loan forgiveness.

