What options do I have for reducing the overall cost of my loan?

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Last Updated: December 10, 2024

 

To reduce the overall cost of your loan:

-Make payments during school: Even small payments can reduce the interest that accrues.
-Choose shorter repayment terms: A shorter term means paying off the loan faster, saving on interest.
-Sign up for autopay: Receive a 0.25% interest rate reduction when you set up automatic payments.

 

For example, making a $50 monthly payment during school could save you hundreds in accrued interest.

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