Is consolodating my student loan smart
The blog Make Lemonade estimates that the average Class of 2016 grad owes ,172.
An estimated 44 million borrowers shoulder this financial burden.
"Once you've organized, reduced, refinanced, and consolidated — start paying them off," Foley says.
"You are paying interest on the amount you borrowed over the length of your loan.
"All my 'tips' still involve paying off your loans.
However, there are a few strategies you can employ to make the process less painful." Here are some smart student loan repayment strategies for new grads: Foley recommends keeping records of all your loans — along with their amount, terms, payments, and interest rates — in a safe place.