Education loan is a gigantic responsibility for the students. Swiftly, students are on the pathway to sunk low into the mud pool of education loan. And this is just expanding! The mud pool can bring in serious repercussions for our economy, considering the fast pace of financial activities. The reality of the situation is that this problem cannot be fixed easily, whether we talk about the personal or public level. However, there are ways to safeguard oneself and clear off your last due debt before attaining your 30s. Follow the instructions below to have your loan paid off earlier than your imagination. 1. Spend meagerly The sole idea behind studying in college is to have your career ready for a brilliant start. The end point is to earn money for a good standard of living. You spend exorbitantly on higher studies as a long term investment. However, the first baby step should be to save as much as possible. It’s the worst to stay under the financial pressure, it makes your life hellish. When you are stuck with debts, its true to say that your life takes a difficult track. It may lead to delayed purchases of physical assets, sacrificing luxuries of life etc. This could feel tough to resist your longings; however, this is the easiest to rub off your huge debts. 2. Make difficult choices There are many looking to ease off their journey, taking the easiest route to deal with their debt. Be a part of a community that supports your passion and doesn’t demand money. There is nothing called an easy way out, the best you can aim at eliminate your redundant expenses. Firstly, understand and evaluate your situation for the best solution. 3. Try for a simple job Keep trying for jobs which are less complex in nature. Probably, opt for a part time government work/job. This will partially ease your financial issues. Work harder to get into teaching profession, for instance, full or part time. 4. Pay off small personal loans first The huge population (including the students) of our country must know that paying older personal loans is a wise decision. Since, personal loans can be risky already, its best to get rid of them. Personal loans surely demand priority in treatment. The rate of interest on education loans are moderated fixed as compared to a personal loan. A credit card worsens your case; the interest rate is just not high. 5. Don’t merge your loans To make payment of education loans easier, individuals take suitable course for loan merger. However, this further ruins your credit position, it’s better to stay away from consolidation. Debt consolidation expands your liability more and increased your repayment period too. Get done with loan amounts which are small right now instead of making them bigger later. Debt consolidation will only make your loan expensive and harder for repayment. Track your loans on a regular basis, and pay as much as possible at a consistent pace.