While MPOWER doesn’t offer direct options to lower your monthly payments, there are still smart ways to manage your loan effectively and potentially save money:

Enroll in autopay By setting up autopay, you can enjoy a 0.25% discount on your MPOWER loan interest rate! It’s a simple way to reduce your overall cost and ensure your payments are always on time.

Make extra payments Making more than your minimum monthly payment can help you pay off your loan faster. This reduces the total interest you’ll pay over time and helps you reach financial freedom sooner.