Title: 5 Benefits of Paying Off Student Loans Early
Headings: 
Managing your Student Loans
5 Benefits of Paying Off Student Loans Early
Part of
1. Your Debt-to-Income Ratio
2. The Tax Break Isn't That Great
3. It's Costing You
4. It's Virtually Inescapable
5. Get Rid of Financial Worry
Reasons to Not Pay Off Student Loans Early
Article Sources

Content: 3. It's Costing You
Even if you take advantage of the student loan tax break, you should consider how much money you are losing each month due to both your student loan payment and interest. Student loan interest is charged as a percentage of your current outstanding balance. As you make extra payments and lower your balance, the amount you’re charged will go down, as well. Paying off your student loans early also means you’ll pay less total interest compared to your loan costs if you follow your regular payment schedule. 3 ﻿
Depending on the amount of student loan debt you have, your payment may take up a sizable chunk of your budget. If you pay off your student loans, you’ll get rid of this payment and free up cash flow. Plus, you will be able to achieve other financial goals more quickly, such as saving up for a down payment on your first home, taking a trip, creating an investment portfolio, or starting your own business. 4. It's Virtually Inescapable
Many people who are overwhelmed by student loan debt hope that bankruptcy may offer a solution to their problem.