However, if your lender allows you to pay extra on the principal, you could pay off the loan early or on its original date to avoid additional interest charges. (creditsesame.com)
If you begin borrowing during your freshman year, and then also attend a graduate program, your obligation has eight years to accrue additional interest charges. (growingfamilybenefits.com)
Additionally, paying less than the minimum can result in late fees and additional interest charges which can add up quickly. (whatsmyscore.org)