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Another 30% said they arent able to save as much as theyd like.
Bobby Matson, founder ofPayitoff,shared three tips to pay off your student loans without breaking your budget.
These plans adjust monthly payments based on income and family size, he said.
A Save As You Earn (SAVE) plan sets payments to 10% of your discretionary income.
Beginning in July 2024, that amount drops to 5% if the loans are exclusively from undergraduate programs.
Once youve made120 qualifying monthly payments, the balance of your debt is forgiven.
As of 2023, roughly one-third of employers provided this benefit,according to Paycor.com.
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