You ever wondered what is the mathematically optimal way to pay off your student loans? Well you’re in luck. Below you’ll find a strategy and have access to an algorithm which guarantees you save the maximum amount of money relative to other plans. Start saving money now.
Sign up for Direct Debit to receive an automatic interest rate reduction.
Choose the payment plan with the lowest monthly payment. Keep in mind you must pay more than this monthly amount.
Plug your additional amount each paycheck into the box on the right, upload your current loans following the provided template, click submit, and follow the instructions for optimally distributing your payment.
Note: this algorithm applies to any collection of fixed-rate interest loans.
Give it a try and let me know what you think!