Consolidating loans with salli mae
Since I don't owe much in interest, 98% of this goes into the principal.
I should be done with one loan by the time the grace period starts and will repeat for the other loan.
For most people having high monthly payments is impossible especially if kids are involved, rent or low income job.
Save yourself from this high payments by paying interest asap. When you sign, everything looks bright and cherry as you're working on the education of your dreams.
They usually get a high monthly fee (I've heard 700-900 ) For 4 years in school, I paid 7/month for both loans which is ,136 total until graduation. I know that choosing to pay interest in school vs outside school, is still the same, but I don't have to be attacked with high monthly fees.
After grace period is over, I will be paying 0 total for both loans since I have been paying interest.
The University received 2 disbursements for fall and Spring Junior Semesters.
Auto debit will stop paying after a few months without notice to you and incur late fees.
If you don't get a fixed interest loan, expect your interest to skyrocket. If you make a payment, expect harassing phone calls to yourself, your employer and your cosigner within 2-3 days.
If I did not pay interest while still in college, I would have a hard time paying these loans.
I would have to pay interest first (which would still be accumulating), then principal loan.