
Hallelujah! My wife and I just finished paying off another student loan. Two down, and one more to go! This past year, nearly seventy percent of undergraduates finished school with outstanding student loans. In fact, the average student loan debt in 2010 totaled around $25,000 per person! If you take the average of 16-18 years to repay these loans, at the standard 6.8% interest rate of unsubsidized, Federal Stafford loans, that $25,000 would equate to over $40,000 in total payments! And don’t forget, these numbers only account for bachelor degrees; graduate school is often two or three times more expensive. So what's the best way to manage your student loans so you can quickly pay them off and move on with your life? Here are some ideas to help you get started on the right path.