Student loan debt is a big concern for many people in the U.S. As of 2025, the average federal student loan balance is approximately $38,883, and the total federal student loan debt in the United States is $1.61 trillion.

Student loans can feel overwhelming, but there’s an easy way to start paying them down faster. It’s called the “debt snowball method.” It’s a simple plan that helps you see real progress and feel motivated.

First, list all your student loans from the smallest balance to the largest. You’ll focus on paying off the smallest loan first. Keep paying the minimum on all your other loans, but put any extra money you have toward the smallest one. This might be money from a side job, a bonus at work, or even cutting back on little things like eating out.

Once that smallest loan is paid off, take the money you were paying on it and add it to the payment on your next smallest loan. As you keep paying off each loan, your payments get bigger, like a snowball rolling downhill.

The snowball method works because you see your debts disappear one by one. That small win keeps you going. Over time, you’ll feel less stress and more control over your money.

If you’re struggling with high interest rates, think about refinancing your loans to get a lower rate. This can save you money and make your monthly payments easier to manage.

Paying off student loans takes time, but using the snowball method helps you build momentum. Start today by making that list and choosing your smallest loan to tackle first. Every small payment moves you closer to freedom from student debt.