student loans

5 ways to repay your student loans fast

Establish a college repayment fund
Establish your own college repayment fund | Hero Images/Getty Images

Establish a college repayment fund

Having money moved automatically into savings is effective because it's forced, Katz says. It enables people to set aside money to grow that otherwise would be spent on clothes or dining out, Katz says.

Just make sure to set up an account that will be used only for paying back your college debt. Don't use checking or savings accounts you already have because you might use that money for something other than your student loan.

SEARCH: Find the best savings account at Bankrate.com today.

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