PAY OFF STUDENT LOANS FASTER WITH ONE SMALL CHANGE | GOODBYE STUDENT DEBT!

Calendar Budgeting Tool: https://www.mybalancedbudget.com/ Your one student loan bill is likely made up of many smaller loans. Each year you take out a loan it adds a subsidized and unsubsidized loan to your account. After four years of college this becomes eight separate loans that are compiled into one so that you have one easy loan payment to make. But you can use this simple change to pay off the student loans faster! Student debt isn't exactly fun to pay off but by adjusting how you make your extra payments you can get ahead even faster than you initially thought. Your student loan servicer may have it set up by default to split your extra payment across all of your student loans. The key here is that each of your student loans may have a different interest rate and you can tell your loan servicer where you want the extra payment to go. If you target your extra loan payment towards the loan with the highest interest you can significantly reduce how much you pay in interest each month.