Bangalore: Nowadays education comes with a chunky price. With the present economic conditions, it is impossible to receive a standard degree without availing a student loan. Students take loans assuming that once they graduate, they have a job waiting for them which will help them to pay back the loan in a timely manner. Only when they graduate and come in terms of the struggling economy, they realize jobs of any sort are not as readily available as they had planned. Regardless of how much graduates owe, they need to make sure they play it smart when they begin repaying their loans. Look at a few best that will help you pay off the loan faster. Repay Automatically You would get into serious trouble if you miss any payment towards your loan. It is noticed that most of the borrowers are late or negligent with their first loan payment. So in order to avoid the confusion of delayed payment it would be wise to set up payments automatically through your bank account. Paying off loans on time helps your credit score immensely. The more money that you can pay on your loans in a shorter amount of time, the less interest you ensue and the more you save.