Enter the $2,000 Nitro Scholarship now! Apply in 3 Minutes!

Student Loans Delaying Your Retirement Savings? Why That's a Problem — And What You Can Do About It

An article featured in USA Today shows why letting daily expenses get in the way of retirement savings is a big (and common) problem. The issue: the later you start saving, the harder it will be to comfortably retire —or to retire at all.

The piece, which cites research conducted by Nitro, shows that over 40% of Gen Xers and Baby Boomers have not started saving retirement. 

NSLU-article-title-bg-comparing-income-driven-plans-008987-edited.jpg

Many Millennials may put off saving for retirement in favor of paying down student loan debt. However, that strategy doesn't allow retirement funds adequate time to grow. 

What can you do instead? To make sure you're on track for retirement while paying off student loan debt, check out some of our articles on how to lower student loan payments to increase your monthly cash flow. 

Imagine Life Without a Student Loan Payment... Start Saving Now!

4 Ways to Lower Student Loan Payments

4 Income-Driven Payment Plans that Lower Monthly Payments

Is Student Loan Refinancing Right for You? Take This 7-Question Quiz to Find Out

How Make Your Student Loans More Manageable

Additional Nitro Recommended Student Loan Lenders

Lender Rates (APR) Loan Types Terms Eligible Degrees Eligible Loans  

Sallie Mae

3.37% - 13.72%1 Variable & Fixed
10 - 15 years

Undergrad Students Learn More

View Disclosure

Ascent

3.04% - 14.75%1 Variable & Fixed
5 - 15 years

4

Undergrad & Graduate Students Learn More

View Disclosure

Earnest

2.70% - 12.78%1 Variable & Fixed
5 - 15 years

3

Undergrad & Graduate Student & Parent Learn More

View Disclosure

SoFi

2.99% - 13.60%1 Variable & Fixed
5 - 15 years

Undergrad & Graduate Student & Parent Learn More

View Disclosure

FundingU

6.99% - 12.99%1 Variable & Fixed
10 years

Undergraduate No-Cosigner Student Loan Learn More

View Disclosure

MPowerFinancing

7.52% - 14.98%1 Fixed
10 year only

Undergrad & Graduate Student Learn More

View Disclosure

Rates (APR) 3.37% - 13.72%1
Loan Types Variable & Fixed
Terms 10 - 15 years

Eligible Degrees Undergrad
Eligible Degrees Students
Rates (APR) 3.04% - 14.75%1
Loan Types Variable & Fixed
Terms 5 - 15 years

4

Eligible Degrees Undergrad & Graduate
Eligible Degrees Students
Rates (APR) 2.70% - 12.78%1
Loan Types Variable & Fixed
Terms 5 - 15 years

3

Eligible Degrees Undergrad & Graduate
Eligible Degrees Student & Parent
Rates (APR) 2.99% - 13.60%1
Loan Types Variable & Fixed
Terms 5 - 15 years

Eligible Degrees Undergrad & Graduate
Eligible Degrees Student & Parent
Rates (APR) 6.99% - 12.99%1
Loan Types Variable & Fixed
Terms 10 years

Eligible Degrees Undergraduate
Eligible Degrees No-Cosigner Student Loan
Rates (APR) 7.52% - 14.98%1
Loan Types Fixed
Terms 10 year only

Eligible Degrees Undergrad & Graduate
Eligible Degrees Student

About the author