What is this horseshit? Almost $2k in interest this year and it will not even let me throw money against the principal.

  • qarboneEnglish
    1·
    3 days ago

    I’ll agree that ensuring you borrow the least possible is best (I misunderstood what they were saying in the previous comment).

    But I do not believe loan offices were thinking about public service when they made the decision to prevent paying off interest. If they were, they probably wouldn’t be accruing interest while you’re still in actively enrolled.

      • qarboneEnglish
        2·
        3 days ago

        Generally, the federal ones don’t. But there are other types of loans, like the ones in the main post.