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How To Quickly Pay Off Your Student Loans If You Are A Homeowner In Stafford

Many of us graduate from college with a mountain of student debt before we enter the work force.

It can be very difficult to start planning a life ahead with the balance of that debt looming over your head. So, to help you out, we have created a shortlist of some ways to quickly pay off your student loans if you are a homeowner in Stafford.

Stick to the Plan

You should try to pay the initial payments or more if you can afford to. Doing it this way will lower your principal and intern pay off the loan faster, even within 10 years.

Alternatively, if you try to lower your payment or refinance, this could add another 20-25 years of repayment! 10 years doesn’t sound very fast in general, but it’s a lot faster than 30 years!

You may also want to consider making biweekly payments. You will end up paying an extra month every year but this will save you money on interest in the long run.

If you need more information on student loans visit the federal student aid website.

Take on a Second Job

Another way to quickly pay off your student loans is to have a second job or side hustle. Since your current job can cover all the necessities now, your secondary income can go towards your student loan balance.

Related content: Sell Your Unwanted House In Houston To Take Advantage of The Low-Interest Rates

You may lose some of your spare time, but think of the benefits of your financial freedom! Apply at least half or ideally all of that money to your student loan balance to reduce the loan quickly.

Make sure you communicate with your lender that you want the money applied to the principal so they don’t apply it to the next payment instead.

This will also lower the overall interest paid on your loan since you are taking big chunks out of the balance.

If you do not want to commit to a second job with a schedule, you could pick up a side hustle. There are online bulletin boards where people can post random odd jobs they need help with and you can put that extra cash straight towards your balance.

It will be a lot of work, but it will pay dividends in the long run.

Sell Your Extra Stuff

Take advantage of online yard sale type apps and list your extra stuff for sale. Go through your closets and get rid of unneeded clothing or collectible items that may be worth some extra money.

Maybe consider selling your car to get a more affordable one with better gas mileage or refinancing your current auto loan to have a lower payment each month.

You could also hold garage sales as often as your community allows and ask friends and family for their unwanted belongings to add to your sale. 

Sell Your House

If you are a homeowner in Stafford, the easiest and quickest way to pay off your student loans with a big chunk of money is to sell your house!

You may even be able to negotiate the buyer paying a majority of the fees to have more money to put towards your balance.

Take into consideration downsizing now to pay off those student loans and have more money for the future.

You can also take advantage of the low-interest rates when you are looking for a loan for your new home.

You can put thousands of dollars towards your student loans, or hopefully, pay off the balance in full, and find a different house to live in and save extra money with the lower interest rates on mortgages.

You will also save in some unexpected places, like the electric and water bill and the actual time it takes to clean your house.

You might be able to find a smaller, more energy-efficient home closer to your work and save you time and gas money every day! 


Student loans can be a looming financial debt that is hard to overcome when you are a college graduate with your first job. It can be hard to see the light at the end of the tunnel. However, if you use some of the tips in this article it might make your journey paying of the loan a little quicker.


Call Sell Your Homes Houston at 832-535-2034 or send us a message today to discuss how to quickly pay off your student loans if you are a homeowner in Stafford. 

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