• Dave Ramsey Blog

Pay Off Student Loans Fast


Do you dream about paying off your student loans fast? So does pretty much everyone in America.

That’s because student loan debt is at an all-time high.

According to the Federal Reserve Bank of New York, student loan debt has reached over $1.5 trillion.1 If that’s not wack enough, the average student loan debt per borrower is over $37,000.2 Ouch. Student loans are the most popular form of debt in the U.S. right now—even more so than credit cards, mortgages or any other kind of loan.

Whether you’ll be graduating from college soon or you’ve been trying to kick those student loans to the curb for a decade, you can make a plan for paying off student loans quickly.

But how?

There’s No Magic Formula for Paying Off Student Loans Quickly (but It Is Possible)

Okay, before we get into this—let’s just clear the air. There is no magic plan for paying off your student loans. I don’t have a special trick to share or a way to help you get rid of it all in 30 days flat. It’s not going to happen overnight. Sorry, guys.

But by following these steps, you can get on a fast track to dumping your student loan debt for good. Paying off your student loans is totally doable, but it’s going to take time, hard work and a whole lot of sacrifice. Read More

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