Not exact matches
Look for the lowest
interest rate you can find
as this will affect how much you have to pay back
over the
course of the
loan.
Over the
course of time, Mr. Precht was able to repay about $ 18,000 towards his original
loan balance, yet the
loan continued to grow exponentially due to
interest rates
as high
as 10 - 12 percent and additional penalties.
So they added on a bunch
of capitalized
interest to my
loan which increased by about 1k, and my credit score was adversly affected because they reported 15 different small
loans I have
over the
course of my bachelors
as delinquent... Class action for negligence and lack
of care.
As any financial advisor will tell you, a savings
of just a percent or so on your
loans can yield a huge decrease in the total
interest paid
over the
course of time.
And
as with
interest that you pay
over the
course of the
loan, the amount you pay in points is generally tax - deductible (this assumes that it still makes financial sense for you to itemize your deductions rather than take the new higher standard deduction).
But,
as I mentioned, direct lenders can usually offer the lowest rates, and selecting the right direct lender could potentially save buyers tens
of thousands
of dollars in
interest over the
course of the
loan.