This will cut down on your total cost by several months or years, meaning you’ll be able to pay off your debt faster and have more money in savings. You can also try adding an extra payment each year to help you get out of debt sooner. If you don’t have enough cash flow to cover your loan payments, try scheduling a biweekly payment instead of a monthly payment. https://easzfin.com/student-loan-forgiveness-notices-go-out-next-steps-for-borrowers/