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re: Student Loan Planning/Strategy

Posted on 12/24/14 at 7:48 pm to
Posted by DaBeerz
Member since Sep 2004
17077 posts
Posted on 12/24/14 at 7:48 pm to
I would definitely not stop auto payments. Usually you get a small interest rate deduction. Aso each loan is considered as separate mandatory payment, they just add them up for you into one payment.

284/month is nothing, I pay almost 7 times that a month.... Want to trade, haha. I've read if you make 4 extra payments a year then you can knock total loan payment term in half but I've never done the math and I can't afford 4 extra payments per year. So I'm still stuck being a slave to the government
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