Key Takeaways
- The level of student loan debt you can reasonably handle depends on your income.
- Experts recommend limiting your monthly student loan payments to no more than 8% to 10% of your gross monthly income.
- Even with federal policy changes, there are still many ways to obtain student loan relief.
- Ways to manage your student loan debt include switching to biweekly payments and always paying at least the interest.
- If your debt load feels unmanageable, options like refinancing, income-driven repayment, or employer assistance can ease the burden.
Carrying debt isn’t inherently bad. In some cases, it can be beneficial to your long-term finances. For example, taking on student loan debt could boost your career earnings by…