Based on financial analysis, individuals can reduce their total loan cost by "signing up for automatic repayments."
Some other means individuals can reduce their total loan cost include the following:
- Paying more than the minimum payment.
- Pick a shorter repayment term.
- Choose a graduated repayment plan.
- Consolidate your loans, etc.
Hence, in this case, it is concluded that there are various ways in which individuals can reduce the costs of their total loans.
Learn more about loans repayments here: https://brainly.com/question/25599836
