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re: Refinance student loan

Posted on 5/14/14 at 4:56 pm to
Posted by BearCrocs
Member since Aug 2013
6467 posts
Posted on 5/14/14 at 4:56 pm to
I don't drink . It's not the note , is the 9% interest . 140 of the 170 goes to interest , not principle
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 5/14/14 at 5:20 pm to
quote:

140 of the 170 goes to interest


That's precisely why you should be paying extra each month. Even if it's just a little bit.
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