How to pay down your student loans faster
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 your student loan off faster.
You don’t need to make an extra payment every single month to pay down your student loan faster—do it whenever your budget allows. The easiest way to do this is 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 have requested the pay-ahead feature for your loans to be turned off, the Current Amount Due will not be reduced in the following billing period(s).