Generally easy to get and seemingly "justifiable debt" (it's not like you're buying an enormous flat screen tv on your almost-maxed out credit card), educational loans are still causing serious struggles among new graduates. The student loan industry has come under criticism for misleading students about the realities of repayment amidst soaring interest rates. As college costs continue to rise, however, students are taking out bigger and bigger loans. If you are one among many former students trying to reduce what you owe on your existing student loans, there are steps you can take to lower your payments and reduce your overall debt. Read on to learn the specific steps to handling your situation intelligently.
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