Can I make extra payments towards my student loan?

Asked a year ago
Yes, you can make extra payments towards your student loan. At Simple Tuition, we understand that some borrowers are eager to pay off their loans faster or reduce the total interest paid. Making extra payments is one way to achieve these goals. You have the flexibility to make additional payments on top of your regular monthly payments. This can be done through various methods such as making a lump sum payment or increasing the amount you pay each month. Before making any extra payments, we recommend contacting our customer service team to ensure that the process is properly executed and applied to your loan balance. Taking advantage of the option to make extra payments can help you save money in the long run and become debt-free sooner.
Jeff Whelpley is the editor / author responsible for this content.
Answered May 3, 2024

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