Pay EMIs on time to avoid penalty and use budget apps to judiciously use loan money

Plan for a shorter repayment holiday to save on interest amount

Avail as many subsidies offered by the government as possible

Under Section 80E, we do not have to pay income tax for the amount of interest we will be paying on our education loan

Check with your bank to see if the loan can be transferred to another bank with a lower interest rate

Keep an eye on any new schemes and subsidies which might reduce the interest rate to be paid