Pay extra on student loans

The Squared Away blog has a good resource to show the benefit of paying extra on student loan debt. "Paying down debt is just another form of saving, and larger loan payments significantly shorten the time it takes to pay it off, while reducing the total interest paid." For example: "Paying $96.66 per month on a $5,000 student loan with 6 percent interest eliminates it in five years. An extra $50 every month – a couple of nights out – knocks two years off the payment time." Learn more at: http://squaredawayblog.bc.edu/squared-away/paying-extra-on-college-debt-has-wallop/