How to reduce student loans quickly - Can I pay my student loan back early without penalty?
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Speaker: Can I pay my student loan back early without penalty?
Justin Draeger: On all federal student loans, you will be able to pay back your student loan and it’s entirely early without any type of penalty. Private loans like any consumer loans you want to contact the holder of your loan look closely at the terms and conditions of the loan to determine if they're writing pre-payment penalties. The majority of private student loans do not charge for early repayment.