So, you are thinking about terminating your student loan or at least having thoughts about the best way to go about it. Most students hate having a loan hanging over them the rest of their life and just want it rid of. Depending on what you want there are several ways of going about it, here are some of the most common that I can think of. student loan consolidation If you are just interested in looking at paying off your student debts on your own without the help of anyone else and think that you can handle it then a great technique that has come up in recent times is the snowball technique.