Please consider registering

sp_LogInOut Log In sp_Registration Register sp_MemberList Members

Register | Lost password?
Advanced Search

— Forum Scope —

— Match —

— Forum Options —

Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Feed Topic RSS student-icon
Loan interest forgiveness
April 4, 2016
8:02 pm

Is it possible to negotiate a loan interest forgiveness by paying off the entire original amount of the loan?

April 4, 2016
9:28 pm
Forum Posts: 351
Member Since:
May 3, 2014
sp_UserOfflineSmall Offline


My guess would be that this would be impossible.

The interest is how lenders make their money. What incentive would they have to accept just the original amount of the loan if you have the money to pay it all up front?

I recently wrote an article on negotiation of interest rates that might offer some insight to what you are asking: https://studentloansherpa.com/negotiate-interest-rate-lender/

That all being said, even if you can’t get them to forgive a portion, aggressively paying off whatever you can afford will save you the most money in the long run.

Good luck!

Forum Timezone: America/Indiana/Indianapolis

Most Users Ever Online: 27

Currently Online:
1 Guest(s)

Currently Browsing this Page:
1 Guest(s)

Member Stats:

Guest Posters: 169

Members: 7237

Moderators: 0

Admins: 2

Forum Stats:

Groups: 1

Forums: 5

Topics: 261

Posts: 763