Disclosure: Student Loan Hero is a free website to help student loan borrowers.
When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school).
You can set up automatic transfers from your checking to your other savings accounts as well.
Once you have money to invest, you can even direct your savings automatically into a brokerage account to start building a diversified portfolio.
I've been luckier than most of my friends and have a full-time job, but I'm wondering whether I should pay off my loans before I start saving for retirement. —A Reader Dear Reader, This is a great question and absolutely timely. You — and every graduate who's struggling with debt — can make choices on how to pay down your loans that will help balance past obligations and future goals.
With total student loan debt now topping 1.4 trillion dollars, there's real concern about how this debt is preventing young people from buying a home, saving for retirement, or starting a family. Obviously, you have to pay at least the minimum on your student loans and never miss a payment.