According to a recent study by the National Center for Education Statistics, an estimated 65 percent of recent college graduates are burdened by student loans. Although the average debt for recent college graduates is more than $20,000, loans can exceed $50,000 and may be much higher for those who attend graduate school, law school, or medical school. Many students—faced with the task of repaying such a large amount of money—become overwhelmed merely thinking about it. This book will teach you how to eliminate your student loans and be debt free. You will learn everything you need to know about grace periods, deferment, forbearance, interest rates, co-signors, exit counseling, prepayment, discharges, cancellation, default, and much more. This book will teach you how to create a repayment schedule, understand the various repayment options, and choose the appropriate plan for your unique situation. You will also learn how to save money through consolidation, get—and secure—the best interest rate, consolidate your loans to improve your credit score, use lender incentive programs to save money, and lower your interest rate over time. Whether you are a current student looking to get a jumpstart on repayment or a recent graduate trying to wade through the letters from your lenders and consolidation companies, How to Wipe Out Your Student Loans and Be Debt Free Fast: Everything You Need to Know Explained Simply will be your indispensable companion.