What happens to excess payments made on a student loan?
Saturday, July 24th, 2010
Thoughts asked:
I have a student loan (from the government) which I’m trying to pay off as soon as possible. If my minimum payments are $100/month and If I pay double each month, am I prepaying each month or do the excess funds go towards the principal and I liquidate the loan twice as quick?
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I have a student loan (from the government) which I’m trying to pay off as soon as possible. If my minimum payments are $100/month and If I pay double each month, am I prepaying each month or do the excess funds go towards the principal and I liquidate the loan twice as quick?
Create a video blog…instantly.
Filed under: Financial Aid | 2 Comments »
