How to Pay Off Student Loans Faster: Tips from Real People Who’ve Done It

Create a Detailed Budget

The first step in paying off student loans faster is to create a detailed budget. By tracking your income and expenses, you can identify areas where you can save money to put towards your loans. Use budgeting apps, spreadsheets, or pen and paper – whatever works best for you.

Increase Your Monthly Payments

If you can afford it, consider increasing your monthly payments. Paying more than the minimum required amount can significantly reduce your interest charges and help you eliminate your debt faster.