With some federal loan rates as high as 7.9 percent, it does not take much to entice my fellow millennials, especially the older ones, into an emotional discourse on the subject.
In fact, student loans are such a hot topic right now that they are a frequent, if not focal, point of discussion in the 2016 presidential primary debates.
Therefore, if you are qualified and confident in your ability to make your payments each month, you should strongly consider privately refinancing your loans, potentially saving thousands of dollars in interest through the life of your loan.
By overly relying on these plans and using them as a sort of financial crutch, you could find yourself paying back your loans for far longer than you had hoped.
In more extreme cases, you could actually find yourself moving backward, meaning your loan balances can actually grow because those more flexible payments don't cover the interest accruing each month.
Interns from around the city protest near the Senate steps to urge the Senate to act on a House passed bill, Smarter Solutions for Students Act, which would prevent student loan interest rates from doubling.
Politicians aren't the only ones listening, either.