Comments on: How to Lower Your Student Loan Payments https://www.youngadultmoney.com/how-to-lower-your-student-loan-payments/ Make More. Save More. Live Better. Tue, 30 Oct 2018 23:29:05 +0000 hourly 1 https://wordpress.org/?v=6.6.2 By: Josh https://www.youngadultmoney.com/how-to-lower-your-student-loan-payments/#comment-31513 Sun, 21 May 2017 18:20:54 +0000 http://www.youngadultmoney.com/?p=25227#comment-31513 Great tips. I don’t remember all the federal repayment options existing like they did when I graduated in 2008. I’m sure they were there but most of my loans were private since I needed to borrow more than the federal limit each year & I think the interest rate was lower for one or two years.

I suggest autopay for everybody. It’s basically “free” money if you keep enough in your bank account each year.

]]> By: Chonce https://www.youngadultmoney.com/how-to-lower-your-student-loan-payments/#comment-31506 Sun, 21 May 2017 00:18:09 +0000 http://www.youngadultmoney.com/?p=25227#comment-31506 In reply to John @ Frugal Rules.

I don’t think it’s necessarily a bad idea if you truly can’t afford to make your student loan payments. It’s better than not paying anything at all and over the life of your term, your finances can change and improve and you can always make extra payments on your loans. That’s what I’m doing now so I don’t regret getting a graduated payment plan right off the bat because now I pay like 5x that amount each month.

]]> By: John @ Frugal Rules https://www.youngadultmoney.com/how-to-lower-your-student-loan-payments/#comment-31499 Wed, 17 May 2017 15:33:05 +0000 http://www.youngadultmoney.com/?p=25227#comment-31499 Good tips Chonce. I used a few of these when I was paying off my student loans. I ran into the issue of extending the payment terms a few years though. Like you said, I wouldn’t recommend that in most situations. Getting that relief feels good, until you realize it’s actually costing you more money.

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