Paying more every month can help you get closer to a $0 balance
If you want to get out of student loan debt but aren’t ready to fully pay off your loan, you can do it by paying a little extra each month. Making extra payments, along with your regular monthly payments, may reduce the total amount you pay for your loan or help pay off your student loan faster.
Make an extra payment whenever your budget allows—it’s easy to make a one-time payment online, by phone, or by mail.
Paying extra will also reduce the Current Amount Due shown on your next billing statement(s). Even if there’s no required amount due on the billing statement, continuing to make payments will reduce your Total Loan Cost.
Note: If you’re enrolled in auto debit or requested the pay-ahead feature be turned off, the Current Amount Due won’t be reduced in the following billing period(s).