Not exact matches
You still need to pay back the same
amount of money, but a
student loan payoff refi allows you to do so in a way that may be more manageable for you.
Student debt: Require colleges to provide students with the estimated amount of student loans incurred to date on an annual basis, a range of the total payoff amount that includes principal and interest, and the monthly repayment amount they would have
Student debt: Require colleges to provide
students with the estimated
amount of
student loans incurred to date on an annual basis, a range of the total payoff amount that includes principal and interest, and the monthly repayment amount they would have
student loans incurred to date on an annual basis, a range of the total
payoff amount that includes principal and interest, and the monthly repayment
amount they would have to pay.
In the same way, refinancing to a shorter
payoff schedule will allow you to save money by paying off your
student loans faster, limiting the
amount that you pay towards interest.
You ever look at your Discover
student loans from medical school and see «principle balance», «
amount paid», and «
payoff balance»?
By mistake, the entire
amount of
student loan payoff was sent to fedloan who was more than happy to cash the check eventhough it was for twice the
payoff that was owed to them.
I finished off one of my
student loans that lacked an easy way to get a final
payoff amount / date (IIRC they could only do it by mailing paperwork back and forth) by sending an extra payment that reduced my balance to less than the
amount of the automatic monthly payment they charged my bank account and then let their system just bill for the remainder.
A
student loan payoff refinance through SoFi consolidates your
student loans with your existing mortgage, and then refinances the total
amount.