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Understanding Student Loan Interest Accrual, Compounding Interest and Lender Math

Michael Lux Interest Rates, Student Loan Blog 0 Comments

Interest is the enemy of a borrower trying to repay their student debt. Lenders are experts at using tools like daily interest accrual and compound interest to drive up profits and keep borrowers in repayment. The key to smart and efficient student loan repayment is to reduce the spending on …