5 Things To Do Once You’re Free of Student Loan Debt

GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.

This much debt can put you in a financial hole for years or even decades.

Here arefive things to do once you are free of student loan debt.

Your first step will be to wipe the student loan payment off the ledger.

For the typical borrower, this means an additional $500 a month to put toward something else.

Put the money into a high-yield savings account to build your fund more quickly.

Use at least part of the extra money to pay more per month toward your credit card bills.

If you fall into that category, nows the time to take care of projects youve been putting off.

email sharing button