{"id":15,"date":"2008-04-15T12:00:00","date_gmt":"2008-04-15T12:00:00","guid":{"rendered":"https:\/\/feedmittens.com\/fmblog\/how-to-reduce-your-student-loan-interest-rate\/"},"modified":"2008-04-15T12:00:00","modified_gmt":"2008-04-15T12:00:00","slug":"how-to-reduce-your-student-loan-interest-rate","status":"publish","type":"post","link":"https:\/\/feedmittens.com\/fmblog\/how-to-reduce-your-student-loan-interest-rate\/","title":{"rendered":"How To Reduce Your Student Loan Interest Rate"},"content":{"rendered":"<p><a href=\"https:\/\/web.archive.org\/web\/20081007161144\/http:\/\/www.feedmittens.com\/fmblog\/wp-content\/uploads\/2008\/04\/image002gif.png\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" class=\"alignleft size-medium wp-image-40\" height=\"176\" src=\"https:\/\/web.archive.org\/web\/20081007161144im_\/http:\/\/www.feedmittens.com\/fmblog\/wp-content\/uploads\/2008\/04\/image002gif.png\" style=\"float: left;\" title=\"image002gif\" width=\"176\"\/><\/a>I\u2019m sure this is common knowledge but just in case, here\u2019s some useful info:\u00c2\u00a0 You can reduce the interest rate on your Direct Loan from the <a href=\"https:\/\/web.archive.org\/web\/20081007161144\/https:\/\/www.dlssonline.com\/borrower\/BorrowerWelcomePage.jsp\">US Department Of Education<\/a> by .25% if you just sign up for them to auto-draft your checking or savings account every month for the payment!\u00c2\u00a0 It sounds like a small amount but a quarter point over time adds up, and this blog is partially about watching every penny.<\/p>\n<p>I just did the sign-up and it\u2019s really easy.\u00c2\u00a0 I\u2019m sure you can do it over the phone, but I did it by logging onto the <a href=\"https:\/\/web.archive.org\/web\/20081007161144\/https:\/\/www.dlssonline.com\/borrower\/BorrowerWelcomePage.jsp\">Direct Loan website<\/a> and going through the screen to add my checking account info.\u00c2\u00a0 They said to continue paying normally (I use <a href=\"https:\/\/web.archive.org\/web\/20081007161144\/http:\/\/www.bankofamerica.com\/\">BoA<\/a>\u2019s BillPay service online) until I recieve a notice in the mail.<\/p>\n<p>Easy to do, and a quick way to save some money.<\/p>\n<p>p.s.\u00c2\u00a0 Don\u2019t do this if you carry such a low balance on your checking or savings account that you\u2019ll risk overdrafting if you forget about this auto-pay!<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I\u2019m sure this is common knowledge but just in case, here\u2019s some useful info:\u00c2\u00a0 You can reduce the interest rate on your Direct Loan from the US Department Of Education by .25% if you just sign up for them to auto-draft your checking or savings account every month for the payment!\u00c2\u00a0 It sounds like a [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[5],"class_list":["post-15","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-personal-finance"],"_links":{"self":[{"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":0,"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/posts\/15\/revisions"}],"wp:attachment":[{"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/media?parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/categories?post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/feedmittens.com\/fmblog\/wp-json\/wp\/v2\/tags?post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}