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However, thats not typically the case.
However, research showed that theaverage starting salarywas just $55,911 in 2023.
Student loan debt can impact every aspect of your financial life.
Of the adults polled by Civicscience, 58% have concerns about paying off their student loan debt.
More than one-quarter (26%) said they are very concerned, while 32% are somewhat concerned.
Only 41% of Americans polled said they have no concerns about paying their student loans.
Accelerating payments can lead to being debt-free faster, freeing up income for other financial goals, Matson said.
The same goes for student loan refinancing.
Refinancing can lead to lower interest rates, potentially saving thousands of dollars over the life of the loan.
Final Note
Of course, salary is just one factor when determining your best student loan repayment strategy.
The program thats best for you will also depend heavily on your career field.
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