Which of these might help you save money on a student loan? Take a longer term loan. Find alone with a Haerr APR. Agree to automatic payments. Make your payments on the first day of every month.
Agreeing to automatic payments and making payments on the first day of every month can help you save money on a student loan. These actions ensure that your payments are made on time, avoiding late fees and potential negative impacts on your credit score.
However, taking a longer-term loan may not necessarily help you save money in the long run. While it can reduce your monthly payments, it will result in paying more interest over the life of the loan, potentially increasing the overall cost.
Finding a loan with a lower Annual Percentage Rate (APR) or interest rate can be beneficial in saving money. Lower interest rates mean less money paid towards interest over time.