00:00If you have credit card debt and student loan debt, you're not alone.
00:03Here are a few tips from the pros on how to manage these debts without getting overwhelmed.
00:09NerdWallet suggests you start by revamping your budget.
00:12Prioritize essentials like rent, utilities, and transportation, and cut back on the rest.
00:17The site also suggests you lower credit card interest rates and look for possible balance transfer options.
00:23Bank of America suggests you target one debt at a time, but don't forget to pay the minimum balance on
00:29each debt.
00:30The Consumer Financial Protection Bureau knows that you may be able to claim your student loan interest on your tax
00:36return.
00:37Depending on your income and tax filing status, you can claim up to $2,500 of the student loan interest
00:44you paid in any given year.
00:45The agency also knows that if you work for a government or non-profit employer, your student loans may be
00:52eligible for public service loan forgiveness.
