Paying interest on my student loans?

by timowri June 21st, 2010. Filed under: Financial Aid.

ChanceThis asked:


Hello! A couple of weeks ago I accepted an unsubsidized loan from the government for college. I have plenty of extra money left over every month after paying bills therefore I would like to pay the interest on the loan while I’m going to school.. how do I get that set up? I don’t want to get charged interest on top of interest over a 4-6 year period. Can anyone give me some information on how to go about getting this set up? Thanks in advance!

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1 Response to Paying interest on my student loans?

  1. Paul B

    Caffeinated Content

    Contact your loan company and tell them you would like to begin payments of interest/principal early. They will not charge any extra fees,nor will they give penalties.

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