Best tricks and tips to pay off your student loans

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Replied by SAR1954 on topic Best tricks and tips to pay off your student loans

My biggest and best tip would be to make your payment bi-monthly. Example: my payment right now is currently something like $280. Every two weeks I pay $150 (which is a little more then what I owe). I started this from day 1 of my repayment plan. This has allowed me to save on interest and apply more towards the balance. As time passes, with each payment the amount going towards the balances vs. interest is going up. Of course, I also make extra payments when I can.
4 years 3 months ago #31

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  • FrankN
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Best tricks and tips to pay off your student loans was created by FrankN

Hello everyone,

I wanted to see if people had any good advice that they wanted to share on tricks and tips to help pay off their student loans. I myself refinanced my loans with a co-signer so I was able to lower my interest rate from 6.8% to 4.7%. This really helped me pay off the loans quicker.

Anyone else have any tricks or tips?
4 years 4 months ago #32

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