The college class of 2016 will graduate with an average of $37,000 in student loan debt. Yet $2.7 billion in free federal student aid goes unclaimed every year. TODAY financial editor Jean Chatzky offers simple strategies to help students reduce those monthly payments.
Student loan debt: How to reduce those monthly payments
Play Video - 3:36Student loan debt: How to reduce those monthly payments
Play Video - 3:36
Most Watched
Sponsored Content
Now Playing
Students take center stage at ‘March for Our Lives’ rally
Sponsored Content
Now Playing
What to expect from Stormy Daniels' ‘60 Minutes’ interview about Trump
Sponsored Content
Now Playing
Young men discuss the pressures of masculinity: ‘You can’t show sadness’
Sponsored Content
Now Playing
After mass shootings, tributes are being saved at exhibits
More video
Sponsored Content
Now Playing
Vacation rentals vs. hotels: What you need to know
Sponsored Content
Now Playing
Gas prices are topping $4 a gallon in California
Sponsored Content
Now Playing
From glamping to road trips: Try these fun outdoor activities
Sponsored Content
Now Playing