3) The combined effect of a lower interest rate and shorter repayment period will drive significant cost
savings over the life of your student loan.
Not exact matches
For federal
student loan repayment plans, generally if you make higher repayments each month (i.e. prepay), less total interest will accrue, potentially resulting in significant
savings over the
life of the
loan.
Based on your overall credit score and income, private
student loan consolidation can be an excellent way to reduce the burden
of student debt repayment — and achieve
savings of thousands
of dollars
over the
life of your
loan.