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Six Ideas for Paying Off Student Loans

Student Loans / Debt Management / College
Wednesday, June 09, 2021

While federal student loans payments are on hold, take time to put a strategy in place to pay off this debt faster.

When the CARES Act was passed earlier in 2020 to provide financial relief individuals and families through the COVID-19 pandemic, it included a hold on federal student loan payments and on interest charges for federal student loans. The student loan payment moratorium is set to last until September 30, 2021. 

The break is a good time to student loan borrowers to assess where they stand in making payments and put plans in places to help reduce this debt quickly and easily. Here are some ideas that can help.

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The financial consultants of Logix Financial Services are registered representatives with, and Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Logix Federal Credit Union (LFCU) and Logix Financial Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Logix Financial Services, and may also be employees of LFCU. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of LFCU or Logix Financial Services. Securities and insurance offered through LPL or its affiliates are:

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