Master Student Loan Repayment Plans for Debt-Free Future

Real-World Data and Examples

According to the Federal Reserve, the total student loan debt in the United States is over $1.7 trillion⁴. This staggering figure highlights the importance of choosing the right repayment strategy. For instance, a borrower with $30,000 in loans at a 4% interest rate can save thousands in interest by opting for a standard repayment plan instead of an extended plan.