Comment on My student loan is gaining interest while I'm in school but I'm not allowed to start paying it off yet
Why not just borrow less this year and have a lower principal?
Ah, I see. I misunderstood their position. Yes, you should ask for a smaller principal loan, instead of just paying down the interest of a larger loan.
A smaller principal is always best, but sometimes that is best served by paying down interest.
qarbone@lemmy.world 2 weeks ago
Ah, I see. I misunderstood their position. Yes, you should ask for a smaller principal loan, instead of just paying down the interest of a larger loan.
A smaller principal is always best, but sometimes that is best served by paying down interest.