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This simple trick can save you thousands on your student loan

Jessica Dickler

This year's crop of college grads are saddled with the heftiest student loan debt in history. All in, student debt reached a record $1.5 trillion in the first quarter of 2018, according to the Federal Reserve. Paying a little more than the minimum payment each month — by even $25 — will pay off your loan faster and you'll owe less interest, according to Antoine Oakley, a spokesman for lender Sallie Mae.