How to pay student loans in a quick way and save money?

[half2005]

Does anyone know of a quick you to pay student loans? The amount of the loan is $20,000. The interest rate is 6.50%. The monthly payment is $200. Any suggestions please? ------

[sndrsndvz]

hi am new to www.loan-forums.com , hforum looks great

sndrsndvz

[ethanwhite]

I really appreciate your decision regarding paying off you student loan as soon as possible. I suggest you to do some extra work along with your studies if possible but it should not affect your studies. There is a chance the saving in this way cause more than expected in reverse direction. Make small savings from your earning is one more option.

[senywide]

*Get an accurate picture of your student loan debt by writing down how much each of your loans are worth and each of their interest rates. It might also be helpful to write down each of their minimum payments as well.

*Figure out how much you can contribute to paying off your loans right now, then tally up how much you have left over after paying the minimum balances on each loan. Whatever you have left over should go to the loan with the highest interest rate.

*Make some cuts to your budget until you can pay off the loan. You don't necessarily have to make sacrifices across the board to save some money. You can save by getting your weekly manicure every other week, making yourself lunch 3 days a week instead of eating out every day, or getting your daily latte only on the weekends. If you're looking to pay off your debts really fast, you can cut your luxuries big time but any way to save money will help in the long run. Make more money, and use it on the loan with the highest interest rate.