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

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Last Updated: April 30, 2022

The faster you pay, the more you save.

We encourage making payments during school (even if you choose to defer during school, you still have the option to make payments when you can) and picking shorter loan terms so you pay the loan off as quickly as possible. That will help you save on your overall interest charges so you don't pay more than you have to.

You can also get a 0.25% interest reduction when you sign up to make automated payments from your checking or savings account.

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