How to pay off student loans FAST and CHEAP using SAVE

UPDATE: there is a lot of variation in experiences of people trying this hack, some people have said their overpayment went to interest. Will be posting an updated video which includes the following steps to take - 1. send in your required minimum SAVE payment 2. wait for the rest of the interest to be waived on your account 3. THEN send in the overpayment and request it be NOT be applied to future payments (so it goes to principal) please keep an eye on the channel for the updated vid. -k, 4/5/24 If you're trying to figure out how to pay off your student loans fast and cheap, this video is for you. The SAVE student loan repayment plan is awesome, but did you know you can pay off your student loans way faster and way cheaper than on the standard repayment plan by using SAVE?? YES! You can both save money and save time on paying off your student loans by using this student loan payoff method. But this student loan hack to save thousands in interest isn't for everyone - watch to learn if this could work for you! 🎁 Download my free Student Loan Forgiveness Cheat Sheet that goes over 13 different federal student loan forgiveness programs 🎁 - Get the Cheat Sheet here: www.msmoodymoney.com/hello 🎁 GET THE AWESOME EMAILS! Be a Smarty Pants - Get my weekly emails full of actionable, useful tips and education so you can stop stressing about money and just enjoy your life! 🎁 (no spam, just the good stuff) www.msmoodymoney.com/newsletter FILL UP ON GOOD KARMA BY GIVING THIS VIDEO A "LIKE"! Thank you from the bottom of my (ever-growing) Grinch-y heart. Ms. Moody - former librarian, current financial feminist, and money educator. Join the club to chat moolah with like-minded women - Scrimpin' Ain't Easy, just like the library, we're talking stacks on stacks on stacks. www.facebook.com/msmoodymoney/groups/scrimpin Wanna read a good money book for beginners? "The Index Card" by Helaine Olen and Harold Pollack - Get it from your public library: www.worldcat.org/oclc/928750850 -Get it from a local bookstore: www.indiebound.org/book/97801 ...Looking for a book a bit more advanced? "Dumb Things Smart People Do With Their Money" by Jill Schlesinger: - Get it at your local public library: www.worldcat.org/oclc/1140204982 - Get it from a local bookstore: www.indiebound.org/book/97805 Thanks for watching! Heads up: All the content is for educational purposes only. Ms. Moody is not a licensed financial advisor; she’s a librarian, money nerd, and educator. As personal finance is personal, to find out what is best for you, consult a financial professional. Users are solely responsible for any actions they take. This video is protected under US Copyright law. If you would like to reuse any of it for your own work, you must have explicit permission from the creator (Ms. Moody). Please contact me for permission before using any part of the video. 0:00 - 1:11 SAVE super power 1:12 - 3:10 how paying more on SAVE can save you thousands on student loans 3:11 Requirements for using this student loan paydown method 3:34 - Reasons NOT to use this student loan paydown method 6:05 - What you MUST do to overpay on your student l

• #education
• #idr_repayment_plans
• #save_student_loan_payment_plan
• #pay_student_loans_down
• #student_debt
• #save_student_loan