Eliminate Your Student Loan Debt
If you had the opportunity to PAY OFF YOUR STUDENT LOAN EARLY save MONEY WITHOUT changing your current spending habits, WOULD YOU?
This compounding effect will help you reduce the term of your loan.
When you use every available dollar to pay down your debt ALL THE TIME, your daily interest charges are reduced, and doing so over the life of a loan has a tremendous compounding effect.
The concept behind eliminating your debt
Having a monthly balance in a checking account is NOT a good idea
Using All of Your Money All of the Time
It is always best to use all available dollars ALL THE TIME to pay down debt.