Paying off Student Loans

Need help paying off student loans? You aren't alone. Learn about how to pay down your debt and get student loan debt forgiveness. Share your student loan advice and read other students tips on how to pay off your student loans.

Last updated on April 14, 2024 by College Financial Aid Advice.

Paying off Student Loans - Income Based and Other Repayment Programs

Paying off Student Loans
If you are looking for help in paying off student loans, you should first look at some of the federal programs for this effort. There are programs aimed to help groups of people such as:

Career based - those who work in specific jobs

Income based payment program - those who paid regularly on their loans, which can be limited or forgiven after so many years, based upon income

School based - those who attended certain schools, typically not-for-profit schools who made false claims to students about job prospects

For more information about federal government programs to help paying off student loans and student loan debt forgiveness, see Student Loan Debt Forgiveness.

Student Loan Advice

The decision to take out student loans is a big one. Before you do, read about some advice from other students. Paying off student loans is so much harder than taking the loan money!

The Unknown (Crystal, New Mexico)

At the end of my program upon signing my exit papers, I was hit with a hefty debt. I was astonished by the amount, it was jaw dropping. Looking over the numbers and the interest for two student loans, that if I decided to pay the minimum amount then I will be paying it off well into my 40's, and I'm 22 now.

Saving Your Money: The Best Way To Pay Off A Student Loan! (Justin, Chicago, IL)

The first way you can pay back your loan successfully is, saving. Saving is the biggest part of paying back student loans. If you don’t save your money, then most likely the longer it’ll take to pay them off! That means no splurging on wants, dining out every other weekend, and spending irresponsibly.

Growing Exponentially (Katie, Colorado)

The first bill I received from my college student lender spurred me to reevaluate my spending. I became a statistic…an adult living with their parents. My second full-time job became all about saving. I saved money any way that I could. By consolidating my student loans, I was able to bring my interest rates under control. I also set up an auto-draft system with my lender, thereby raising my credit score and further controlling my cash flow.

Don’t Default on your Student Loans (Brooke, Texas)

Don’t default on your student loan!!!! The lenders loaned you the money in good faith and trust you to pay it back. Once you graduate it may take you sometime to find work or you may find a job that does not pay enough for you to pay on your student loans. Simply, call the lender and explain your situation and they will either give you a forbearance or some sort of payment arrangement to help you out so that your loans will not go into default.

Share Your Tips About
Paying off Student Loans

Do you have some great tips to share about student loans for college? Enter our scholarship essay contest to win $1000 for college. Share your insights about the best student loans, how to pay for them, student loan debt forgiveness and more. See our Scholarship Rules

What Other Visitors Have Said
About Paying off Student Loans

Click below to see submissions from other visitors about paying off student loans.

Car Payment or House Payment 
The story I heard often from my parent was how their friends co-signed loans for their children and now the payment was larger than their mortgage. These …

Student Loans... More Student Loans... 
There are some people that get into college for free, but unfortunately a college degree does not come free for all and every household is not able to …

Student Loan Interest Rates Mean It May Take 20 Year to Pay 
Student loans seem like a great way to help get money for college. And they are. However when you are thinking of getting student loans there are some …

The Checklist Prep for Student Loans 
I did not have to take out any student loans during my undergraduate years. It is not surprising that when I was accepted into graduate school, I had …

Don't get distracted - pay off those student loans! 
There's an old experiment done with young children who were told that they could get to eat marshmallows if they waited patiently for them. The longer …

Lessons in Paying Back Student Loans 
Working in a low-income area after graduation for x amount of years could help you say "there goes my loans ". After doing plenty of research in order …

Can you ever get out of student loan debt? 
Many students receive thousands of dollars in student loans , making it difficult to pay off over time. Some students have no choice but to get student …

Helpful Advice About those College Loans!!! 
Trials and Tribulations of Paying Student Loans - When I was eighteen years old, I was “kicked out” of my house by my alcoholic parents. Rather than …

Advice for Paying Off Your Student Loans 
Pay It Off! Whew! You made it, you have your degree. Congratulations! Now comes the hard part (yes, harder than getting the degree), striking …

Click here to write your own.

HomeCollege Loans for StudentsPaying off Student Loans


Welcome to College Financial Aid Advice, a website full of information on scholarships and grants, student loans, and other ways to save money at college.

Important Things to Do

Scholarships for 2024 - 2025 - It is never too early or too late to work on your scholarship searches. If you are part of the high school class of 2024, you should work on your scholarship and college search now. See our list of Scholarships for High School Seniors

FAFSA - The official 2024 - 2025 FAFSA is available now. FAFSA.

Student Loans

Find out about the best student loan rates before you take out a student loan.

Student Loan Overview

Federal Student Loans

Federal Plus Loan

Consolidating Student Loans

Perkins Student Loans

Sallie Mae Student Loans

Student Loan Debt Forgiveness

Paying off Student Loans

College Financial Aid Tips

Scholarship Lists An overview of the different types of Scholarship Money for College.

Grants Learn more about grants, the other free money for college.

Need Tuition Help? Reduce the cost of tuition with these college Tuition Assistance Programs.

Tax Credit Claim the American Opportunity Tax Credit.

College Savings Plans Save money for college with these College Savings Plans.

Need a Student Loan? Yes, you qualify for these college Student Loans.

Popular Scholarship Searches

Scholarships for High School Students

Scholarships for College Students

Easy Scholarships

Scholarship Contests

Weird Unknown Scholarships

Merit Based Scholarships

Scholarships for Minorities

College Scholarships for Women