Don’t Take on More Student Loan Debt Than Your Expected First Year’s Salary

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There are many things you can do to help yourself make smart decisions regarding student loans. We have a variety of articles that you can take a look at, as well as a Student Loan Finder to use when you’ve exhausted your federal aid options.

Salary and Debt

One thing to keep in mind is that you do not want to accumulate too much debt that will take a long time to pay off. A great way to be conscious of this is to work on taking no more debt than what you anticipate your first year’s salary to be after college.

Imagine Your Future Salary

Being conscious of your expected initial salary in regards to your expected amount of debt is important. Your goal should be to pay off your debt in ten years, and keeping your debt lower than that starting salary will help you reach this goal. If a large portion of each paycheck has to go to your student loan debt, you are going to be skating on thin ice and having to cut spending in other areas.

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Lender Rates (APR) Eligibility
Citizens logo.
6.97%-15.03%* Variable
5.99%-14.00%* Fixed
Undergraduate and Graduate
Sallie Mae logo.
6.37% - 16.70% Variable
4.50% - 15.49% Fixed
Undergraduate and Graduate
Credibe company logo.
4.98% - 16.70% Variable
4.07% - 15.66% Fixed
Undergraduate and Graduate
Lendkey company logo.
6.07% - 11.31% Variable
4.39% - 10.39% Fixed
Undergraduate and Graduate
Ascent company logo.
6.22% - 16.08% Variable
4.09% - 15.66% Fixed
Undergraduate and Graduate
6.54% - 11.08% Variable
3.95% - 8.01% Fixed
Undergraduate and Graduate
Earnest company logo.
5.62% - 18.26% Variable
4.11% - 15.90% Fixed
Undergraduate and Graduate
4.98% - 12.79% Variable
8.42% - 13.01% Fixed
Undergraduate and Graduate
College Raptor is not a loan lender and does not assume responsibility for suggesting a loan to a user who may not be eligible for it. Rates, terms, conditions, eligibility, approval, and other considerations are the decisions of the lenders and may vary depending on which lender or marketplace the user selects. We urge users to carefully consider and review all loan options and terms before committing to taking out a loan.