Sentences with phrase «monthly repayment strategies»
At the bottom of the Summary tab, you'll find a chart which illustrates time - to - payoff for bi-weekly and monthly repayment strategies — it shows the year end balance for each year that one remains.
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Or you could choose a longer repayment term with lower monthly payments (though with this strategy you may pay more in interest over the life of your loan).
Borrowers who are more interested in reducing their monthly payment may choose to refinance into a loan with a longer repayment term (for more on different strategies borrowers employ when refinancing, see «3 winning student loan refinancing strategies for recent grads «-RRB-.
Another strategy for debt repayment can simplify your monthly finances, save money and build your credit.
Recent grads who employed this strategy to refinance their student loans through Credible increased their repayment term by close to 5 years, on average, and cut their monthly payment by an average of $ 221.
It's mainly a strategy to either lower your monthly payment, or eliminate multiple loan repayments.