With today's tough economy so many of us are finding it difficult to pay our mortgage, rent, car payment or put food on our families table. In addition many of us are faced with a large amount of student loans. More and more people are defaulting on student loans today then ever before. You may not be aware of the consequences this can have on your credit report or even your ability to get a new job. In this article I will give you some suggestions on how you can pay off your student loans.