The Hidden Costs of Paying Off Student Loans Early
Student loan prepayment comes with many advantages, but there are a few downsides that borrowers should understand.
Student loan prepayment comes with many advantages, but there are a few downsides that borrowers should understand.
Planning for the federal student loan repayment restart is the most pressing issue for most borrowers.
*There are a few cases where knocking out federal student loans first makes sense. However, the majority of borrowers will benefit from prioritizing eliminating private loans.
Extra payments are a great way to eliminate student debt. However, there are times when paying extra is a mistake.
Repayment of student loans is brutal, but credit card interest rates usually make credit card debt a bigger financial emergency.
Laurel Road’s cashback credit card for student loan borrowers isn’t anything special, but it is a decent option to use rewards to knock out student debt.
More college may be the answer to some student loan nightmares.
If student loan elimination is your only priority, this strategy will erase the debt the fastest.
Aggressive repayment is often treated as the responsible option, but coasting and making minimum student loan payments has serious advantages