Which of these might help you save money on a student loan?(1 point)

Responses

find a loan with a higher APR
find a loan with a higher APR

agree to automatic payments
agree to automatic payments

make your payments on the first day of every month
make your payments on the first day of every month

take a longer-term loan
take a longer-term loan

1 answer

The option that might help you save money on a student loan is:

agree to automatic payments

Many lenders offer interest rate discounts or benefits for setting up automatic payments, which can reduce the overall cost of the loan.

Finding a loan with a higher APR, making payments on the first day of every month, and taking a longer-term loan may not lead to savings and could potentially increase your overall payments due to higher interest rates or longer repayment periods.