Let's say you have a $ 2,500 balance at 19.99 % and pay the initial minimum monthly amount of $ 75. (squawkfox.com)
Paying more than the minimum monthly amount on a debt accelerates your repayment and reduces interest payments. (sapling.com)
You may qualify for a General Forbearance if you are having temporary financial difficulty that prevents you from paying the minimum monthly amount on your student loans. (aspireservicingcenter.com)