Title: Why Pay off Loans Early? Savings and Peace of Mind
Headings: 
Why Pay Off Loans Early?
Benefits of Reducing Debt
Save Money
Improve Financial Strength
Peace of Mind
When to Not Pay Early
How to Do It
Article Sources

Content: If the interest you earn on investments is greater than the interest you're paying on your debt, it makes more sense to invest than it does to pay off the debt early. This rarely is a simple equation, however, so it's best to consult with a financial professional. If you have a precomputed loan, you won’t save by repaying early because the costs are already baked into the loan. Most standard loans, however, calculate interest daily or based on the balance due on a certain date each month. 3 ﻿ Be sure you understand the terms of your loan if you plan to pay the debt early. How to Do It
Now that you know more about paying off those loans, you may be eager to move forward. In many cases, it’s as simple as sending extra money, whether you wipe out the debt with one payment or just pay a little extra each month. Call or email your lender and explain what your goals are. Ask how to proceed so that your payments are properly applied to paying down your loan's principal and so that you know exactly how much to send. Article Sources
Consumer Financial Protection Bureau. "