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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Everybody set up your auto-pay for .25% interest reduction.

We didn’t do this for the last 7 years (well 2 years of it was the National forbearance, so 5 years).

I always thought it didn’t make a difference, was afraid of setting it automatically, meaning we wouldn’t pay the extra we really need to pay. We always pay like 2000 extra monthly because the minimums make it rise.

But that was stupid, I don’t know why we didn’t do it the first 5 years.

I set it up last week. Doesn’t make a massive difference, right?, but I’ll keep every dollar I can. Or maybe it does add up.. I’ll go do some math ;)[/quote]

You aren't exactly keeping money given the interest you are paying over the years and then having to pay them off when your kids are in college makes it even harder.[/quote]

You’re right. I was interested in the math as well. For my own loans, it is $430 savings over 3 years.

But there is zero downside. So… do it. Set up auto pay. Failing to do it would be like me willingly losing $430.[/quote]

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