Career Advice - A Community Blog

Erik Larson writes about the job market, resume improvement, and career advice

Ways to De-stress from Student Loan Debt

Written by Erik Larson, Community Blogger | Sep 26, 2017 6:03 PM

The student loan crisis is one of the biggest issues in the economy today. With all of the students who are graduating with high levels of debt, many people think that something should be done to help them. If you have high levels of student loan debt, there are ways to decrease your stress about the situation.

Personal finance is a difficult subject for many people to understand. The first step in having success with your finances is to make a plan. If you want to decrease your student loans, it is possible to do so. Here are some tips to lower your stress and have success paying your student loans.

Understand What You Owe

The first step in decreasing your student loans is to understand what you owe. You need to get a list of all of your student loans and record the amounts. There are many software tools that you can use to see all of this in one view. Once you understand how much you owe, you need to look at how much you can reasonably put towards paying off student loans each month.

Making a budget is critical to personal finance success. There are few people who actually make a budget every month and stick to it. With all of the different software tools available, this is now easier than ever. You may find that you are spending too much money in certain areas. For example, bringing your lunch instead of eating at restaurants could save hundreds per month. If you have high levels of debt, it will take a longer time to pay down the debt relative to your income.


Some people have dozens of student loans with different companies. When trying to get organized, it can feel overwhelming to have debt in a variety of places. One of the best ways to get organized is to consolidate the debt. Some people choose to consolidate student loans in order to make this process easier.

One of the biggest benefits of consolidating student loans is simply being organized. A lot of the struggle in personal finance is making a goal and staying organized over time. There are many people who have benefited greatly from this process.

Work an Extra Job

When looking at the numbers, some people realize that they need to increase their income in order to pay down the debt quickly. Many young people work an extra job on the side in order to improve their lifestyle. Working an extra job is easier than ever before. You can work an extra job in a field that you enjoy before or after work.

With all of the different options today, you should be able to find something that you can enjoy doing. Many of the jobs do not require a lot of additional skills.

Think About the Future

Finally, it is vital to think about the future in order to reduce the stress of student loans. There are many people who struggle to pay down debt or save for the future. However, the best way to have success is to concentrate on your financial goals.

Student loans are a major problem in the country today. Far too many young people have high levels of debt with no job to show for it. However, there are ways to improve your personal financial position by getting on a plan and staying organized. If you follow these tips, you will have financial success over time.

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