Can I make small monthly payments to reduce my borrowed amount?

We support all efforts to reduce the amount a student needs to borrow to fund their education.

Yes, you can. Even small monthly contributions can have a large impact on not only the amount of loans but the interest they accrue as well. While it may be necessary to utilize federal aid that includes student loans, setting up a monthly contribution of $20, $50, $100, or more will add up over time and save you money in the long run.