Started by nsantore, April 09, 2017, 08:21:30 pm
Quote from: TheCollegeInvestor on April 10, 2017, 06:50:11 amJust like you said, paying extra is the quickest way to get rid of it.If you want to lower your interest, look into refinancing. We don't typically recommend refinancing Federal loans into private loans, but in your situation, it might make sense.Here's an article breaking it down: https://thecollegeinvestor.com/17113/refinance-federal-loans-private-loans/If you want to go the refinancing route, we're partners with Credible. We like them because you can compare your rates and fees in 2 minutes with no credit check. This allows you to see if it could even make sense without committing. Check them out here: http://go.thecollegeinvestor.com/credible-tci
Quote from: TheCollegeInvestor on April 10, 2017, 08:38:34 pmAll lenders will give you the payoff amount - it's no secret. If you can pay it off, do it!All you need to do is just call your lender and give them a date - they calculate the interest and you can pay it. Worst case scenario is you miss it a few days and owe a little on your next statement - so always be watching it until you get confirmation you're paid in full (and then keep that statement).