Subtract any prepayment or early discharge fees from the amount it can save you. One of the best ways that this may help, though, could be to only borrow cash for any loan that the new one gives you a greater price of curiosity for. Earnings-driven repayment plans offer forgiveness to the widest variety of borrowers. Monthly payments: Month-to-month payments are largely determined by the amount you borrow, your interest rate and your loan term.