Can Moving Overseas Reduce Your Student Loan Payments?

Student loan debt affects over 40 million Americans, and according to a recent survey by LendingTree, 60% of LGBTQ borrowers "regret taking out student loans." Student loans can make it seem impossible for queer millennials to achieve common rites of passage like buying a house or even traveling the world.

After all, your student loan payments won't just be put on hold if you go on a working holiday to Australia or take a backpacking trip in SE Asia. Or will they?

Thanks to a little-known feature of the U.S. tax code called the Foreign Earned Income Exclusion (FEIE), you may be able to reduce or eliminate your student loan payments by spending enough time living and working overseas.

Here's what digital nomads need to know about the FEIE, including who's eligible, how to qualify for it, and how much it can save you on your student loans.