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Savings for Students
The impact of student loans on saving goals
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[QUOTE="Umoh1, post: 321994, member: 99571"] If you have student loans, it's important to make a plan to pay them off as soon as possible. By making more than the minimum payment, you can reduce the amount of interest that you will pay over the life of the loan. Even an extra $25 or $50 per month can make a significant difference over time. Refinancing your student loans may help you save money by securing a lower interest rate. Just make sure to shop around and compare offers from multiple lenders to find the best deal. If you're struggling to make your monthly payments, an income-driven repayment plan may be a good option. These plans adjust your monthly payments based on your income and family size, and can help you save money over time. Some employers offer student loan repayment assistance as part of their benefits package. If your employer offers this benefit. [/QUOTE]
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The impact of student loans on saving goals
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