Paying off your student loans in 5 years is certainly not an easy task. The Standard Repayment Plan calls for borrowers to repay their outstanding amount in 10 years, which many people even have an incredibly tough time making. To pay your loans off in half this time would be somewhat of a miracle, but it's possible. In fact, many people have been able to do this. However, the real question, how can you do it?
Unless you have hoards of money saved up (which I am assuming you don't or you wouldn't have student loans in the first place), paying off your student loans comes down to two factors - revenues and expenses. Or in other words, how much you are making and how much you are spending. The more you make and the less you spend, the more you will have remaining to devote to your loan payments.
Great, Mike, I understand that, but how can I pay off my student loans in 5 years? The first step is determining how much you will have to pay per month in order to completely repay your loans in a 5 year time period. You can do this by using my repayment calculator. Plug in 60 as the number of months (5 years * 12 months per year = 60 months total), the interest rate you are borrowing at, and your principal amount of the loan. The result of this calculation will give you a monthly payment amount equal to what you have to pay in order to have your loans be paid off in 5 years.
Now that you have this amount down, decide if it seems attainable to you. This amount plus your normal monthly expenses is what you have to come up with each and every month for 5 years. Is your current income enough to support this? If the answer is yes, then you have your answer on how to repay your loans in 5 years. If the answer is no, then you must either cut down on your other expenses or increase your income in order to reach this amount.