Student Loans

Be free of student loan debt faster with biweekly payments

Making a simple change in how you manage your student loan repayment can pay off your loans a lot sooner. Biweekly student loan payments is a strategy to accelerate payoff that uses simple math and automated payments. It can lead you to financial freedom and save you money; money that you can save for the future, such as a down payment on a new home or perhaps re-allocate to paying off other debts faster.

AutoPayPlus Can Help You Pay Off Your Student Loan Debt Sooner

On a $29,400 loan with a 10-year term and a 3.86% interest rate:


PAYMENT TYPE       AMOUNT       YEARS TO PAY OFF

Monthly                    $295.71             10 years 1 month

Biweekly                  $146.86             9 years 3 month

Using AutoPayPlus, you can pay off your loan 10 MONTHS early and redistribute the dollars you would have been paying to your loan totaling $3,105, to pay off a credit card, add to your 401k, or apply to a vacation fund.

student-loans

Student Loan Debt is Increasing in the U.S.

The average student loan debt for the class of 2012 was $29,400 according to a report by the Institute from College Access & Success Project on Student Debt. If you are one of the 37 million student loan borrowers in America today, take control now by making a decision to pay more than the minimum payment.

AutoPayPlus makes sticking to a student loan repayment plan part of your routine and auto-payments ensure the lender is always paid on time. No more late payments!

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You can find out more information on the options available to you by contacting us toll-free (800) 894-5000.  Our specialists can assist you with a plan of action.

GET--STARTED

Try our loan payment calculator to see how AutoPayPlus can work for you

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Join today to start saving and avoid missing payments.

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