Here's how saving for retirement can actually lower your student loan payment. (via CNBCMakeIt)
It's worth noting, however, that while lowering your monthly payments may help you in the short term, it also typically extends the repayment period and the amount of interest you'll pay in total. For example, if you prologue the term on a 6.8% loan, it may cut the monthly payment by as much as a third.
"It's better to do something about it today, rather than stick your head in the sand and hope it goes away," Foster says.
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