I believe my son is paying a minimum amount for repayment.
How can he pay more toward the principal and pay off sooner at a savings?
Terry Says: Oh absolutely he can pay more than the minimum. And if you want to help, you can also make a payment toward his student loans if he gives you the loan payoff info. This is a huge burden for college grads, and the interest costs eventually more than double the repayment cost of the loan!