How long do people keep college debt for?

Roughly 70 percent of grads leave college with student debt, and over 44 million Americans hold a total of $1.4 trillion in student loan debt. For federal student loans, the standard repayment plan expects borrowers to pay off their debt in less than 10 years. For many, however, it can take twice as long. read more

After graduation, this debt can sometimes seem overwhelming; but fortunately, there are ways to relieve some of the debt and the stress that goes along with it. By following a few simple tips, you can avoid student loan debt, or at least make it more bearable. read more

The current students said they expect to have between $39,000 and $42,000 in student loan debt by the time they graduate, but expect to pay off that debt by the age of 33, on average. The group of former students said they hold an average of $30,000 in debt, but don't expect to pay it off until they're 41. read more

During college, especially junior and senior years, try to keep your total student loan debt to less than what your expected annual salary will be upon graduation; If possible, do Not borrow more than $27,000, and do that only from the US Federal Direct Loan program; If you can follow those guidelines than you will have No trouble. read more