- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Refinacing student loan and extending term
Posted on 2/26/15 at 4:36 pm to iAmBatman
Posted on 2/26/15 at 4:36 pm to iAmBatman
I'll be paying less than $9,000 extra in interest over the course of the 15 years and opposed to the 5 years. I think to have more money in the short term is a better investment.
2
Posted on 2/26/15 at 5:18 pm to Dr. Grey
I'm trying to be nice about this but there's no way you're paying less by extending the length of your loan by 10 years. Just post the numbers I requested and I can show you.
This post was edited on 2/26/15 at 5:19 pm
Posted on 2/26/15 at 10:41 pm to Dr. Grey
I agree with hungryone. If you really need extra cash each month, then do it by increasing your income, not by extending a loan. You're halfway there.
Forgive me for being ignorant, cause I never took a student loan, but if student loans are amortized then you've already paid a majority of your interest, and your remaining payments are actually lower interest than you think. Meaning that if you refinance, you'd be on the front end of a new amortization.
Don't lose your momentum. Keep rolling.
Forgive me for being ignorant, cause I never took a student loan, but if student loans are amortized then you've already paid a majority of your interest, and your remaining payments are actually lower interest than you think. Meaning that if you refinance, you'd be on the front end of a new amortization.
Don't lose your momentum. Keep rolling.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News