Tips For Student Loan Payoff
Tue, 05/03/2011 - 10:18am — Chris Pomoni
Breaking the bank to graduate from school is not fun. As college tuition fees soar, it has become increasingly challenging to fund college education without getting a student loan. While student loans do provide adequate college funding, their costs can add up really quickly.
Make Extra Principal Payments
You will not be able to pay off your student loans before maturity without making extra principal payments. Typically, a student loan repayment schedule exceeds 10 years. And with larger balances it can even take up to 25 years. This means that you will be paying more money on compound interest than toward principal.
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Reply to comment | CPomoni
This is the only time I've been to your site. Thanks for sharing more details.
Thanks for being on my
Thanks for being on my website!
Awesome!!
Chris,
I wish I had followrd these steps with my loan. They don't apply 100%, but still... I could work while studying.. and I could definitely make extra payments.. But...
Thanks for sharing!!!
Awesome!
Well.. it needs dedication.. TOO MUCH dedication... and people can hardly be constantly under restriction.
Thanks for commenting CJ!