Private Student loans?
Asked by Lil Miss AnswershineI have a LARGE amount of student loans, both federal (consolidated) and private. My private loans are on a variable interest rate. I feel like I am spinning my wheels paying each month to a balance that doesn't seem to move. What can I do? Should I put the fixed rate loans in deferrment and pay double on the variable rate loan?
Favorite Answer
Answered by SPLATT
Pay the minimum on the loans with a low interest rate. Pay what you can afford for the loans with a higher rate.
Pay the minimum on the loans with a low interest rate. Pay what you can afford for the loans with a higher rate.
