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You see, optimizing your student loans can make a world of difference for your financial health Instead of relying solely on deferment or forbearance, which can lead to growing interest, consider enrolling in an income-driven repayment plan In fact, these plans can lower your monthly payments to as low as zero dollars based on your income However, if you are lucky enough to receive a tax refund or have some extra cash, using that to make additional payments can save you money on interest And do not forget about the autopay discount; setting up automatic payments can provide you with immediate savings on your interest rate So, keep good records of your loans and communicate regularly with your servicer—it can help a lot Finally, research loan forgiveness options, as many borrowers qualify for programs you might not even know about