Student loans part 2

Student loans part 2 Debt-reduction methodsLower payments come in the expense of longer and deeper debt. The selection to apply a debt-reduction technique like additional principal payments lies within the interest rate. Utilizing 9 percent as the dividing line among high and low interest, it’s a great strategy to pre-pay principal on student loans with rates of interest above 9 % but continue to create typical payments on any low-interest loan over the complete term of the student  loan. When you have extra cash, don’t apply it to your low-interest loans. Rather, apply the cash to any higher-interest loan you could have, or place it toward …

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Student Loans part 1

Student Loans and what you should know Student loans are a godsend for many students but they can be a curse for other students. The globe of student loans is murky waters for the typical person. Cautious considerations must be provided for the type of student loan, interest rates and method of repayment. Kinds of …

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