LESSON 1
Make more than the minimum payment
Recap
The minimum payment is the lowest amount you can pay to be considered in good standing.
If you only make minimum payments every month, you can end up paying a lot in interest.
Paying more than the minimum payment can help you pay off your loans quicker.

Up next

LESSON 2
Refinancing vs. consolidating
LESSON 3
Making extra payments each month
LESSON 4
Explore federal repayment and forgiveness
LESSON 5
Take advantage of student loan tax deductions
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LESSON 1
Make more than the minimum payment
LESSON 2
Refinancing vs. consolidating
LESSON 3
Making extra payments each month
LESSON 4
Explore federal repayment and forgiveness
LESSON 5
Take advantage of student loan tax deductions
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