The payment of student loans can have a detrimental effect on your finances, especially if you do not have the means to repay them. Student loan payments can amount to hundreds of dollars per month, affecting your disposable income and limiting your ability to purchase a home. Student loans have traditionally been difficult to repay. In most cases, people can’t get rid of them through bankruptcy, so they’re stuck with them until they pay them back. Many people wonder whether they can settle student loan debt like they can a credit card or loan. The possibility of settling student loans…