Get some relief by refinancing your student loan. Refinancing rates for your student loan are even lower than last year. Education Expert Jean Burk of College Prep Genius says you could be paying off your college loan until you're in your 40s! "I meet adults all the time who are still paying off their student loans. So...20 years is about the average!" Burk says loans are high to begin with and the interest makes them even higher. "The median debt is about $100,000. I have known people who have $2,000 to $3,000 a month - just in college loans."
Student Loans: Good News and Bad News
"The average student spends about 20 years paying off college loans, so refinancing to a lower interest rate could mean they pay off their loans quicker - or at least have lower payments." Burk says it's easy to refinance and there are various vendors who want to help you.
photo: Getty