Eliminate Your Student Loan Debt
If you had the opportunity to PAY OFF YOUR STUDENT LOAN EARLY save MONEY WITHOUT changing your current spending habits, WOULD YOU?
This compounding effect will help you reduce the term of your loan.
When you use every available dollar to pay down your debt ALL THE TIME, your daily interest charges are reduced, and doing so over the life of a loan has a tremendous compounding effect.
This example is for illustrative purposes only and does not take into account your particular investment objectives, financial situation or needs and may not be suitable for all investors.
The concept behind eliminating your debt
Having a monthly balance in a checking account is NOT a good idea and that it may be better for those with student loan debt to use a plan that uses every available dollar every day to pay down debt.