Listed here is how much money and time you can easily shave off your student education loans if you are paying $100 more each month Individual Finance Insider writes about items, methods, and ideas to help you produce smart choices with your cash. We possibly may be given a tiny payment from our lovers, but our reporting and guidelines will always independent and objective. You can easily pay back student education loans faster and save money on interest by boosting your payment per month. The common student-loan that is federal owes $33,310, but find yourself spending $42,397 in major loan re payments and interest over ten years, according to federal loan interest levels.