How Can You Reduce Your Total Loan?

Pay More Than the Minimum – Extra payments go toward the principal, lowering interest over time.

Make Payments More Often – Biweekly payments help reduce the loan faster than monthly ones.

Refinance at a Lower Rate – A better interest rate means you pay less overall.

Shorten the Loan Term – A shorter term increases payments but cuts interest costs.

Avoid Late Fees – Paying on time prevents extra charges and keeps interest lower.

Use Extra Income – Apply bonuses, tax refunds, or side income to reduce your balance.

Round Up Payments – Even rounding up by a small amount monthly can shrink the total loan.