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Under a standard 10-year repayment plan, that costs about $318 monthly, assuming 5% interest.
Doing so can help you repay your loans faster or qualify for a valuable forgiveness program.
Under PSLF, borrowers pay between 10% and 20% of their discretionary income.
If you do that for 10 years, any remaining federal student loans will be forgiven.
You dont even need to teach for the entire time.
Teaching is also a great way to gain valuable skills to serve you in other careers.
Many educators end up transitioning intoadministrative and corporate training roles.
Doing so minimizes the interest you pay over the loans lifespan.
Thats what makes engineering another strong option for recent college grads.
Entry-level engineers earn an average salary of $68,011.
New engineers earn even more in robotics ($81,743) and aerospace ($76,293).
Police Officer
Working as a police officer is another excellent way to pay off student debt.
New officers earn an average salary of $62,148.
Since theyre public servants, cops also qualify for PSLF.
This gives you a lot of flexibility.
If you enjoy working in law enforcement, you could make it your career and have your debt forgiven.
If you dont, you could use the salary to repay your loans faster than the average graduate.
Plus, youll get a great experience that can prepare you for different careers.
Many former cops end up becoming lawyers and high-paid private security consultants.
Financial Analyst
Entry-level financial analystsearn the most of all the jobs on this list.
They take home an average starting salary of $70,955.
They regularly move on to work in consulting, management and even venture capital.
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