How to Pay Off Your Student Loans While Also Saving for Retirement

Cathy Pareto
You need to make some important decisions early on in your career to help you maximize your earnings, reduce your debt, and begin saving for tomorrow.

You need to make some important decisions early on in your career to help you maximize your earnings, reduce your debt, and begin saving for tomorrow.

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One of the most expensive degrees you can earn is a law degree. According to a recent issue of US News & World Report, many law students finish their education with student loan debt amounts ranging from $38,000 to more than $180,000. For many recent graduates, the burden of this debt may leave them feeling like they should just focus on repaying the loan amount as fast as possible and at all costs. After all, no one likes the feeling of having debt. While this may seem like a good strategy, you may end up hurting your long-term financial goals including your retirement. So how do you tackle both paying off your debt and saving for retirement? By making the right choices early on in your career and by having a clear financial plan.

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