Roughly 66 percent of Millennials have student loan debt, and approximately half have more than one source of long-term debt. While young people in Kentucky may be concerned about repaying their debt, there are ways to keep it in check and pay it down in a timely manner. Those who receive paper statements may want to convert them into electronic statements to better keep track of what they owe.

It may also be a good idea to set up automatic payments for at least the minimum amount due each month. This will prevent late or missed payments, which could result in penalties and fees that increase the amount that has to be repaid. Those who are in debt should create a budget that outlines both their monthly income as well as their monthly expenses. A budget should also allocate money to be put into a savings account.