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What is the best way to pay off student loans more quickly?

Best answer from question by flygirl:

Answer by Judy
If you pay an extra amount with your monthly payment, it should go toward principal. If you just pay a couple days early, it would basically count as your next payment but might save a very small amount in interest.

Q&A: How long does it take to pay off student loans for vet school?

Best answer from question by escapetheunexpected:

Answer by Unknown
All federal student loans are automatically put on a 10 year repayment plan once you graduate or drop below half time. So if you made all your payments, you’d pay it off (no matter how much you owe) in 10 years. How much your payments were would depend on how much you borrowed.

Federal student loans: flexible agreements with guaranty agencies warrant careful evaluation: report to the Honorable James M. Jeffords, U.S. Senate

OCLC Number: 53711775 Excerpt: … on the loans after default. In contrast, under the FDLP the federal government provides the loan capital to borrowers. For over a decade, GAO has included student aid programs on a list of ” high-risk ” federal programs. These programs are designated high-risk primarily because of deficiencies in Education’s maintenance of the financial and management information required to administer the student aid programs and the internal controls needed to maintain the More >>

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