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  4. How can I pay off my student loan debt?

How can I pay off my student loan debt?

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  • E Offline
    E Offline
    Elana
    wrote last edited by
    #1

    I am a college student with limited part-time income. How can I quickly pay off my college-related credit card debt while building good credit? What are the most effective strategies, and how can I implement them to achieve both goals?

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  • M Offline
    M Offline
    Mark
    wrote last edited by
    #2

    To pay off your student loan fast , these are some effective strategies that you can follow:

    1. First of all, spend mindfully and cut down the unnecessary expenses.
    2. Make a strict budget, and follow that rigorously.
    3. Either use the snowball method, where you pay off the small debt first, or the avalanche method, where you pay the highest interest rate first.
    4. Do some part-time job and save extra money to pay off your loans.
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