The Ultimate Guide To Paying Off Your Student Loan Faster Image Source: FreeImages With student loan debt hitting over $1.5 trillion, it’s now the second-largest source of personal debt for American households. As of June 2018, the average Class of 2018 graduate has amassed $20,990 in student loan debt. That’s a lot of money to pay back quickly — especially if you want to buy a home, start a family, or invest in another degree sooner rather than later. Fortunately, there are ways to pay off your student loans faster. By reading this article and putting its advice into action, you could save tens of thousands of dollars and pay off your loans years sooner than you previously expected. What is the best way to pay off student loans? There are several ways to pay off student loans faster. Finding the one that works best for you will depend on your current financial situation and goals. You might find that a combination of strategies works best, too. To fully understand how you can ...