The employer contribution would result in a 30 % reduction in total payments, and the loan would be paid off three years faster. (gradifi.com)
These include elimination of multiple small payments, lowering total payment amount, making debt tax deductible and paying off credit cards. (badcreditloanservices.com)
For longer - term loans with a balloon payment, full payment means being able to afford the payments in the month with the highest total payments on the loan. (getoutofdebt.org)