Student loans are often the largest liability after a mortgage. The right strategy depends on interest rates, income, and forgiveness eligibility.
Avalanche vs Snowball
Avalanche targets highest interest first (usually saves the most interest). Snowball targets smallest balance first (psychological wins). Pick what you will stick with.
Income-Driven Repayment
Federal IDR plans cap payments as a share of income and may lead to forgiveness after many years—understand tax on forgiven amounts if applicable.
Refinancing
Private refinancing can lower rates but sacrifices federal protections. Only refinance when you do not need those options.
Conclusion
Automate extra payments, revisit plans annually, and use our Debt Payoff Calculator to model scenarios.