When you think carefully about the length you’ll take to pay back your loans, keep in mind that you have the right to pay your student loans in advance without penalty. Basically meaning that you can pay over the minimum amount required to pay your loan or make payments that are not required. If you do pay a loan in advance, you should make sure to pay the most expensive loan first if given the choice to prepay. Also make sure to contact your student loan servicer before paying so you are given the correct instructions on sending and processing your loans.
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Student Loan Help Center General Manager Bruce Mesnekoff joins us to Discuss the Student Loan Situation in America
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