Are you graduating from college and getting ready to step into the real world? Do you have a ton of federal student loan debt that you know is about to start being due? There are good ways to pay this debt off and there are ways that are not so good. You need to know all your options and here they are.First, you should know what to do if you cannot make your payment or something happens and you know it will be difficult to make your payments for a while. There are options to help you get through any difficult financial times and they do not hurt your credit. These options are very important to understand so that you can keep your credit rating and still get your loans paid back.So those options that you can use to put your federal student loan debt on pause are deferment and forbearance. Deferment has two options and one of them is for going back to school. The other is for up to 2 years and you basically do not have to make payments. It also does not effect your credit rating. Forbearance is for 6 months at a time and is for financial hardship like unemployment.Second, with federal student loan debt you can also do something that is called consolidation. This is basically when you take all of your student loans and you combine them into one loan. This helps you because you do not have to try to manage multiple payments at different due dates. This gives you one monthly payment with one interest rate and one due date.Last, when it comes to paying your student loans you need to pay them back and do everything you can to make sure that you do it on schedule or use your options to pause them. These will build your credit for life so treat them like they are important.