Student loan rules — at least for federal loans — require that all outstanding interest and fees be paid first, then the principal is paid. (thecollegeinvestor.com)
That is why loan rules consider the possibility to refinance with a change in the character of interest rates or even the duration of the plan. (badcreditloanservices.com)
As the total amount of student loan debt increases, we will likely see even more court cases that push the boundaries of what is acceptable in bankruptcy and student loan rules. (lendedu.com)