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Heres what he did to pay off his loans ahead of schedule.
I put all of my tax refunds and my bonus from work into paying off my loans early.
Rosenberg concluded, Combining those strategies, my balance fell quickly and I was debt-free in about two years.
You could also apply for relevant programs to getsome student loan reliefbased on your circumstances.
Allocate any extra funds toward these loans while making minimum payments on lower-interest loans.
The strategy for paying off debt will depend on your situation and what your balance looks like.
These extra payments can help reduce the balance more quickly and save on interest costs.
The experts agree that doing your best to make extra payments will speed up the process.
Accelerate Payments
To accelerate repayment, increase your monthly payments beyond the minimum required, Kovar advised.
Even a small increasecan significantly reduce the loan term and total interest paid.
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