
1. I signed up for automatic checking withdraws. At that time I got a fraction of a percent off my interest rate. Every bit helps. Plus it saved me from having to write a check and mail it. I figure this is standard in today's world, but at the time it was a bit unique. So my take away is this: see if there is anything you can do to get your interest rate lowered even by a fraction of a percent.
2. I paid more than the minimum each month. I admit, I only was able to pay $10 extra, but considering my payment was about $140, it was nearly an additional payment each year. Even if you can't pay much extra, pay what you can in addition to the minimum.
3. I put any additional money I could towards my student load. I once won a sweepstakes where the prize was $4,000. I didn't do anything "fun" with it, and I didn't say I "deserved" anything -- it went straight towards my student loan. If you are paying attention, that's 25% of my student loan that was paid right there. I also put all the money from a garage sale towards my student loans.
4. Live as frugally as possible. I rarely bought anything without a coupon. It's even easier to do that these days with the apps available. Be aware what you are spending in small amounts. It might be a $5 coffee here or a new bottle of nail polish there, but it adds up. Try to, as often as possible, skip the extras. I realize when some people face loans of six figures, you do need to do fun things, but think and live frugally.
I realize many people may already be doing these things, but they worked for me. I love it when someone asks how much I owe in student loans and I can proudly say, "Nothing." It is hard work, but it's a proud moment when you make the final payment!
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