Lack of college funds is the primary reason for students resorting to taking debt. There is no shame in having a student loan given the lucrative prospects of attaining a better academic qualification. However, there has been a rising concern given that the student loan growth rate balance is 513% faster compared to the GDP. While this may seem daunting, education data shows that 54% of students would need a loan to cover their college fees. This leaves the average student loan for a public university student at $30,030 for a bachelor’s degree. How then do you repay your loan to avoid the life limitation that comes with having student debt?

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