In considering repayment strategies for student loans, making optional payments while still enrolled can significantly reduce the total cost due to accruing interest.
If you qualify for federal subsidized Direct loans, the government covers interest charges while you're in school and during your grace period, providing significant relief.
Small payments during school can help reduce financial burdens later; for example, a $50 monthly payment could save nearly $500 by the end of a loan term.
Interest begins accruing on most private and some federal student loans as soon as the money is disbursed, emphasizing the importance of early payments.
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