It's one of the worst things you can face when it comes to your student loan debt - you can't afford your student loan payment. Maybe you're out of school and you get your first bill, and you have no idea how you're going to make that payment.

Or, maybe you've been on and off deferment and forbearance for years, and every time you're encouraged to start repayment, you simply don't think you can afford it.

Sadly, too many people don't take action with their student loans - even if they can't afford it. That's why over 7% of student loans are delinquent according to the Department of Education. 

But simply ignoring it or going into default isn't the solution. There are better (and more affordable ways) to tackle a student loan debt payment you can't afford. 

If you're not quite sure where to start or what to do, consider hiring a CFA to help you with your student loans. We recommend The Student Loan Planner to help you put together a solid financial plan for your student loan debt. Check out The Student Loan Planner here.

Let's break down the options here.