The power of interest is always working against you: it means the amount of money you borrowed is always less than the amount of money you’ll end up paying back. However, you can still fight back. The faster you pay, the less your debt will cost you. The below infographic will show you why.
After you check it out, head over to PayBackSmarter and we’ll show you the more important part: how to do it. PayBackSmarter was created by the team behind SimpleTuition. It’s an online, interactive tool that helps you analyze your own debt. Figure out what repayment plans work for you, and get a sense of how much your debt will have cost you when all is said and done. The best part? It’s fast, easy, and (as always) entirely free.