Sentences with phrase «less over the life of their new loan»
Borrowers who chose a loan with a shorter repayment term in order to get the lowest interest rate and maximize overall savings reduced their interest rate by 1.71 percentage points and will pay $ 18,668 less over the life of their new loan, on average.
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Medical School Graduates who chose a loan with a shorter repayment term in order to get the lowest interest rate and maximize overall savings will pay $ 50,516 less over the life of their new loan, on average.
Borrowers who chose a loan with a shorter repayment term in order to get the lowest interest rate and maximize overall savings reduced their interest rate by 1.71 percentage points and will pay $ 18,668 less over the life of their new loan, on average.
Not exact matches
You could qualify for lower rates, so you'd pay less in total interest charges over the life of your new loan.
When you receive a lower interest rate, you will pay less in interest over the life of the loan as long as the new term length is shorter or the same as the current remaining repayment term on your loans (and sometimes even if it is longer).