When the CARES Act passed to provide financial relief for Americans during the pandemic, federal student loan payments and interest got put on pause, but private student loan holders were essentially snubbed.
Here are 13 proven student loan payoff tips that you can try if you want to pay your private student loans off faster:
1.Start by checking your loans each month. This can help you stay focused and motivated to pay them off.
2.And use a student loan repayment calculator to set your debt-free date.
3.Pay your full loan payment each month, then make additional payments whenever you can.
4.But make sure that any extra payments you make actually go toward the principal (aka the amount you borrowed), not just interest.