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How can you handle student loan debt?

College students face difficult decisions regarding paying for school and the books they need to succeed. Loans might be necessary to pay for room, board and tuition. Sometimes, loans are private. Others are federal.

Student loan debt is one of the hardest kinds of debts to eliminate. However, there are some ways to relieve people of those debts. For instance, federal programs often eliminate the remaining debt after 10 years of on-time payments are made, but this isn't true for everyone.

The better thing to do is to eliminate the risk of leaving school with too much debt. How can you do this? Here are a few tips.

1. Try to save before going into school

Taking loans might be something necessary for students, but you want to take out as little as possible. Whether it's a part-time job or yard sale, any money gathered and put toward paying for school helps reduce debt. If you already have debts from school, try to pay on them while you're in school, especially if they're collecting interest.

2. Try to get scholarships

If you are still in school but know you have heavy debts, try to get more scholarships. Many are paid out in cash, like grants, so you can use the money to pay down past loans or for future semesters.

3. Stay in school

If you have student loans adding up that you're not sure you can afford, staying in school helps you defer them. You don't have to pay on them when they're deferred, which could give you a chance to create a plan for paying them back.

These are a few things to consider about student loans. There are options for paying down and eliminating your school debts.

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