However,there are some benefits to continuing to make payments during the pause.
To do that, you’ll need to set up repayment online or contact your federal student loan provider.
Here are five tips to make repaying your student loans easier and to help get out of debt sooner.
you’re free to refinance all of your loans or just select balances.
Most lenders will allow you to make principal-only contributions in addition to your scheduled monthly payment.
Plus, it could also save you money.
Many lenders offer discounts in exchange for setting up automatic payments on your loan.
These autopay discounts are generally around 0.25%, which can add up over time.
Certain federal student loans borrowers may be eligible forincome-driven repayment (IDR)plans.
Other borrowers may take advantage of established programs that may forgive, cancel or discharge their debt.
