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July 29, 2025
By
The Admiral Staff
The article outlines various strategies for graduates to accelerate student loan repayment. These include making biweekly payments, refinancing for a lower interest rate, and utilizing the debt avalanche method. Other practical tips involve enrolling in autopay, applying windfalls to the principal, choosing shorter repayment terms, and leveraging side hustles or cash-back apps. Finally, it suggests strategies like deducting student loan interest at tax time and exploring income-driven repayment plans for those with modest incomes.
July 11, 2024
By
The Admiral Staff
Here’s a summary of the article:
The article addresses the common issue of student debt, noting that the typical college student has around $40,000 in student loans, with many also carrying credit card debt (65% of students) and car payments (40% of Americans). It emphasizes the importance of understanding debt early on to avoid overwhelming financial burdens post-graduation. The article provides practical steps and advice for managing student loans (including exploring Income-Driven Repayment
October 31, 2023
By
The Admiral Staff
A couple facing retirement in six months is struggling with $190,000 in student loan debt. Experts suggest exploring options based on whether the loans are federal or private. Federal loan holders may benefit from income-driven repayment plans like income-contingent repayment, income-based repayment, PAYE, or REPAYE, which can significantly lower monthly payments and offer eventual forgiveness (though potential tax implications should be considered). If the debt is for children, the author suggests a difficult
