Only around half of those whose student loan repayment obligations began between 2010 and 2012 have made any progress on paying them back. With the average loan payment topping $300 a month, more students are struggling to make their payments from their entry-level job. Those who don’t pay their student loans will see a huge hit to their credit score and can even have their income seized if they default on the loan. Students and graduates who feel like they are drowning in debt should focus on paying off the debt that has the highest interest rate first. The government also offers several options for those who are struggling to make their payments.