Nov 27, 2016 10:48 AM EST By Michael Lagura, UniversityHerald Reporter

The issue on student loans is perennial in the academic and even in the corporate platforms. In many areas in politics and economics, the strategies in dealing with student loans have always been imbedded. For sure, saving yourself from the burden of debt during post-academic phase is a constant struggle.

By any means necessary, students had to pay off debts quick and easy after graduation, the Fiscal Times reported.

Here are smart ways to pay off student loans.

Top 5 smart ways to pay of student debts:

Measure your debt to the fullest extent

Many students rush for a loan without even asking for full disclose from the academic financial aid provider. If the aid does not disclose a figure, you'd better have an approximate calculation of how much you are borrowing for school. Although lenders are required by the law to disclose debt rate to student borrowers, some might just miss in doing so due to immense coverage plan.

 Always look into solutions of lowering payment rates 

The 10-year repayment plan is, by far, the best solution for lowering federal debts at one time. Quite honestly, the 1-year repayment plan poses the least interest rates for students. Other solutions also include refinancing private loans, income-driven repayment programs and many more, Gradible suggested.

Consider solutions offered by your boss. If possible, ask for help

Companies not so long ago, voiced out their concerns about the tugging loans bothering their fresh employees. As a result, a number of companies and even private employers are offering loan assistance to quickly rid workers off their student loans. Nevertheless, you also ought to know that this initiative had to start off with yourself.

Never miss any chance to save up before considering any payment options

Take one payment loan at a time. Make sure that are saving up for your retirement before fully paying off debts. This is one smart move not all are capable of doing.

Allow extra-money pays to go to your loans. It will eventually lower the total interest rate

Whenever your income rises in the future, never miss to set aside extra-money for your loan payment. Now, that payment system is outside your regular payment issues.

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