Yes. Paying off your student loans can help build your credit score. By making on-time payments, you're showing lenders that you're a responsible borrower. Additionally, paying off your student loan debt can free up more of your income each month, allowing you to save money or make additional payments on other debts you have.
Now that you know how interest accrues on student loans, you can make more informed decisions about managing your debt. Stay on top of your payments and shop around for the best rates to avoid paying too much interest.