How can I significantly reduce student loan debt?

[thornback]

Me too... i'm impatient for you!!  LoL... be sure to report back  

[CashBackQueen]

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@thornback wrote:

Me too... i'm impatient for you!!  LoL... be sure to report back  

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Sure will!

[Queen_Etherea]

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@calyx wrote:

Never trust simulators - there are too many moving parts in a credit file for those to be of any real use.

Honestly, the only way to significantly reduce it is to pay it faster.   
For many people, student loans are the oldest tradeline, so just pay it and enjoy the nice, long, steady account that adds to your credit mix, or pay it as fast as you can if you really want it down (which won't have much of an effect until it's really low, like 9% of the original amount).

@tmr is right - if it's about your FICO score, something else is keeping it low, not the student loan (unless it is full of derogatories).

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YUP! My student loan is my oldest account at 12 years and 11 months.

[Anonymous]

CBQ: With that kind of a balance for student loans, have you thought about paying them back on a plan that will lead to forgiveness. For example, a benefit of REPAYE is that the interest won't capitalize throughout the life of the loan. There are also significant loan subsidies on some plans.