How much did you pay for that college degree? Or are you still paying for it? More than 70 percent of students leave college with school debt, and the average loan balance is growing. The class of 2014 graduated with the most debt in history—an estimated $33,000 per student—and this year's graduating class is on track to top that.
If you're one of the millions of college graduates facing big loan payments, it may feel like the end is nowhere in sight. On top of paying down a five-figure debt, you're also being charged interest. (For the 2014-2015 school year, interest rates on federal student loans range from 4.7 and 7.2 percent.)
But whether you're 25 or 35, there are ways to save so you don't drown in your debt, said Mark Kantrowitz, senior vice president of Edvisors.com, a network of education resource sites that was acquired by student loan provider College Loan Corporation in 2012.
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