The alternate repayment plans may have lower monthly payments, but this increases the term of the loan and the total interest paid over the lifetime of the loan. (finaid.org)
While lender credits allow you to reduce how much you pay at signing, they inevitably cost you more in interest over the lifetime of the loan. (valuepenguin.com)
When it comes to refinancing, consumers often have to pay thousands of dollars in closing costs upfront to save tens of thousands of dollars over the lifetime of their loan. (gobankingrates.com)